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

一場激烈的政治和金融辯論由此拉開帷幕，國會議員 Gerald E. Connolly 敦促美國財政部放棄特朗普總統建立比特幣戰略儲備和數字資產儲備的計劃。 在致財政部長 Scott Bessent 的一封信中，Connolly 批評了這項行政命令，稱該命令未經國會批准，可能會在經濟上使特朗普及其盟友受益，而不是服務於美國人的利益。 public.Connolly 挑戰特朗普加密計劃的合法性特朗普最近頒佈的行政命令旨在通過建立以比特幣 (BTC)、以太坊 (ETH)、 XRP、 Solana (SOL) 和Cardano(ADA) 為特色的戰略加密貨幣儲備，將美國定位為數字資產的領導者。 然而，Connolly 提出了以下擔憂：undefinedundefinedundefined“這種儲備不會給美國人民帶來明顯的好處，但會大大豐富總統和他的捐助者，”Connolly 在信中辯稱。他還引用了美聯儲官員的擔憂，據稱該官員稱該計劃是“有史以來最愚蠢的想法”。財政部會回應嗎？康諾利要求財政部向眾議院監督和政府改革委員會進行簡報，並要求在 3 月 27 日之前做出正式回應。他的反對意味著一場潛在的法律和政治鬥爭，可能決定特朗普比特幣儲備的未來 initiative.With 隨著立法者和監管機構的審查日益嚴格，特朗普加密貨幣願景的命運仍不確定。財政部會叫停這項舉措嗎，還是特朗普的計劃會重塑美國數字資產戰略？國會議員傑拉德·康諾利敦促財政部阻止特朗普的比特幣儲備計劃首次出現在 CryptosNewss.com

<p>一場激烈的政治和金融辯論已經出現,因為國會議員 Gerald E. Connolly 敦促美國財政部放棄 Donald Trump 總統建立戰略 BTC 儲備和數字資產儲備的計劃。在致財政部長 Scott Bessent 的一封信中,Connolly 批評了這一行政命令,稱它缺乏國會批准,可能會為 Trump 及其盟友帶來財務利益,而不是為美國公眾利益服務。</p><h3><strong>Connolly 質疑 Trump 的加密計劃的合法性</strong></h3><p>Trump 最近的行政命令旨在透過建立一個戰略加密貨幣儲備(包括 BTC、ETH、XRP、SOL 和 ADA)來使美國成為數字資產領域的領導者。然而,Connolly 提出了以下擔憂:</p><ul><li><div>該倡議的合法性,引用缺乏國會磋商</div></li><li><div>潛在的利益衝突,指出 Trump 在加密銀行公司 World Liberty Financial 有股份</div></li><li><div>TRUMP meme 幣的財務收益,據報告已產生 1 億美元的交易費</div></li></ul><p>"這個儲備對美國人民沒有任何明顯的好處,但會大大豐富總統及其捐助者,"Connolly 在信中表示。他還引用了一位聯邦儲備官員的擔憂,稱該計劃是"有史以來最愚蠢的想法"。</p><h3><strong>財政部會作出回應嗎?</strong></h3><p>Connolly 要求財政部為眾議院監督和政府改革委員會提供簡報,並要求在 3 月 27 日之前正式回應。他的反對錶明可能會出現一場法律和政治上的戰鬥,這將決定 Trump 的 BTC 儲備計劃的未來。隨著立法者和監管機構的日益關注,Trump 的加密貨幣願景的命運仍不確定。財政部會停止這一倡議,還是 Trump 的計劃將重塑美國的數字資產戰略?</p><p>本文首發於 <a href="https://cryptosnewss.com/congressman-gerald-connolly-pushes-treasury-to-block-trumps-bitcoin-reserve-plan/" rel="nofollow">CryptosNewss.com</a></p>

國會議員傑拉德·康諾利敦促財政部阻止特朗普的比特幣儲備計劃

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