A fierce political and financial debate has emerged as Congressman Gerald E. Connolly urges the U.S. Department of Treasury to abandon  President Donald Trump’s plan to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile. In a letter addressed to Treasury Secretary Scott Bessent, Connolly criticized the executive order, stating that it lacks congressional approval and could financially benefit Trump and his allies rather than serving the interests of the American public.Connolly Challenges the Legality of Trump’s Crypto PlanTrump’s recent executive order aims to position the U.S. as a leader in digital assets by creating a strategic cryptocurrency reserve featuring Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). However, Connolly has raised concerns over:undefinedundefinedundefined“This reserve provides no discernible benefit to the American people but would significantly enrich the President and his donors,” Connolly argued in his letter. He also cited concerns from a Federal Reserve official, who allegedly called the plan “the dumbest idea ever.”Will the Treasury Respond?Connolly has demanded a briefing from the Treasury for the House Committee on Oversight and Government Reform and requested a formal response by March 27. His opposition signals a potential legal and political battle that could determine the future of Trump’s Bitcoin Reserve initiative.With growing scrutiny from lawmakers and regulatory bodies, the fate of Trump’s cryptocurrency vision remains uncertain. Will the Treasury halt the initiative, or will Trump’s plan reshape the U.S. digital asset strategy?The post Congressman Gerald Connolly Pushes Treasury to Block Trump’s Bitcoin Reserve Plan appeared first on CryptosNewss.com

<p>A fierce political and financial debate has emerged as Congressman Gerald E. Connolly urges the U.S. Department of Treasury to abandon  President Donald Trump’s plan to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile. In a letter addressed to Treasury Secretary Scott Bessent, Connolly criticized the executive order, stating that it lacks congressional approval and could financially benefit Trump and his allies rather than serving the interests of the American public.</p><h3><strong>Connolly Challenges the Legality of Trump’s Crypto Plan</strong></h3><p>Trump’s recent executive order aims to position the U.S. as a leader in digital assets by creating a strategic cryptocurrency reserve featuring Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). However, Connolly has raised concerns over:</p><ul><li><div>The legality of the initiative, citing the absence of congressional consultation</div></li><li><div>Potential conflicts of interest, noting Trump’s stake in World Liberty Financial, a crypto banking firm</div></li><li><div>TRUMP memecoin’s financial gains, which has reportedly generated $100 million in trading fees</div></li></ul><p>“This reserve provides no discernible benefit to the American people but would significantly enrich the President and his donors,” Connolly argued in his letter. He also cited concerns from a Federal Reserve official, who allegedly called the plan “the dumbest idea ever.”</p><h3><strong>Will the Treasury Respond?</strong></h3><p>Connolly has demanded a briefing from the Treasury for the House Committee on Oversight and Government Reform and requested a formal response by March 27. His opposition signals a potential legal and political battle that could determine the future of Trump’s Bitcoin Reserve initiative.With growing scrutiny from lawmakers and regulatory bodies, the fate of Trump’s cryptocurrency vision remains uncertain. Will the Treasury halt the initiative, or will Trump’s plan reshape the U.S. digital asset strategy?</p><p>The post <a href="https://cryptosnewss.com/congressman-gerald-connolly-pushes-treasury-to-block-trumps-bitcoin-reserve-plan/" rel="nofollow">Congressman Gerald Connolly Pushes Treasury to Block Trump’s Bitcoin Reserve Plan</a> appeared first on <a href="https://cryptosnewss.com/" rel="nofollow">CryptosNewss.com</a></p>

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Congressman Gerald Connolly Pushes Treasury to Block Trump’s Bitcoin Reserve Plan

一场激烈的政治和金融辩论由此拉开帷幕，国会议员 Gerald E. Connolly 敦促美国财政部放弃特朗普总统建立比特币战略储备和数字资产储备的计划。 在致财政部长 Scott Bessent 的一封信中，Connolly 批评了这项行政命令，称该命令未经国会批准，可能会在经济上使特朗普及其盟友受益，而不是服务于美国人的利益。 public.Connolly 挑战特朗普加密计划的合法性特朗普最近颁布的行政命令旨在通过建立以比特币 (BTC)、以太坊 (ETH)、 XRP、 Solana (SOL) 和Cardano(ADA) 为特色的战略加密货币储备，将美国定位为数字资产的领导者。 然而，Connolly 提出了以下担忧：undefinedundefinedundefined“这种储备不会给美国人民带来明显的好处，但会大大丰富总统和他的捐助者，”Connolly 在信中辩称。他还引用了美联储官员的担忧，据称该官员称该计划是“有史以来最愚蠢的想法”。财政部会回应吗？康诺利要求财政部向众议院监督和政府改革委员会进行简报，并要求在 3 月 27 日之前做出正式回应。他的反对意味着一场潜在的法律和政治斗争，可能决定特朗普比特币储备的未来 initiative.With 随着立法者和监管机构的审查日益严格，特朗普加密货币愿景的命运仍不确定。财政部会叫停这项举措吗，还是特朗普的计划会重塑美国数字资产战略？国会议员杰拉德·康诺利敦促财政部阻止特朗普的比特币储备计划首次出现在 CryptosNewss.com

<p>一场激烈的政治和金融辩论已经出现,因为国会议员 Gerald E. Connolly 敦促美国财政部放弃 Donald Trump 总统建立战略 BTC 储备和数字资产储备的计划。在致财政部长 Scott Bessent 的一封信中,Connolly 批评了这一行政命令,称它缺乏国会批准,可能会为 Trump 及其盟友带来财务利益,而不是为美国公众利益服务。</p><h3><strong>Connolly 质疑 Trump 的加密计划的合法性</strong></h3><p>Trump 最近的行政命令旨在通过创建一个战略加密货币储备(包括 BTC、ETH、XRP、SOL 和 ADA)来使美国成为数字资产领域的领导者。然而,Connolly 提出了以下担忧:</p><ul><li><div>该倡议的合法性,引用缺乏国会磋商</div></li><li><div>潜在的利益冲突,指出 Trump 在加密银行公司 World Liberty Financial 有股份</div></li><li><div>TRUMP meme 币的财务收益,据报告已产生 1 亿美元的交易费</div></li></ul><p>"这个储备对美国人民没有任何明显的好处,但会大大丰富总统及其捐助者,"Connolly 在信中表示。他还引用了一位联邦储备官员的担忧,称该计划是"有史以来最愚蠢的想法"。</p><h3><strong>财政部会作出回应吗?</strong></h3><p>Connolly 要求财政部为众议院监督和政府改革委员会提供简报,并要求在 3 月 27 日之前正式回应。他的反对表明可能会出现一场法律和政治上的战斗,这将决定 Trump 的 BTC 储备计划的未来。随着立法者和监管机构的日益关注,Trump 的加密货币愿景的命运仍不确定。财政部会停止这一倡议,还是 Trump 的计划将重塑美国的数字资产战略?</p><p>本文首发于 <a href="https://cryptosnewss.com/congressman-gerald-connolly-pushes-treasury-to-block-trumps-bitcoin-reserve-plan/" rel="nofollow">CryptosNewss.com</a></p>

国会议员杰拉德·康诺利敦促财政部阻止特朗普的比特币储备计划

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国会议员杰拉德·康诺利敦促财政部阻止特朗普的比特币储备计划

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财政部会作出回应吗?

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