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Gerry Connolly Urges Treasury's Scott Bessent to Halt Trump's Strategic Bitcoin Reserve Plan from March 13

A prominent Democrat lawmaker, Congressman Gerry Connolly, has urged the U.S. Treasury to halt former President Donald Trump's proposal for a strategic Bitcoin reserve.
By: DeepNewz • March 14, 2025
Gerry Connolly Urges Treasury's Scott Bessent to Halt Trump's Strategic Bitcoin Reserve Plan from March 13

A prominent Democrat lawmaker, Congressman Gerry Connolly, has urged the U.S. Treasury to halt former President Donald Trump's proposal for a strategic Bitcoin reserve.

In a letter addressed to Treasury Secretary Scott Bessent, Connolly criticized the plan, arguing it offers no clear benefits to the public and primarily serves to enrich Trump and his allies.

The pushback comes amid a broader debate on the role of cryptocurrencies in U.S. financial policy, with supporters of the reserve advocating for its potential advantages. However, opponents, including Connolly, express concerns over its legal and fiscal implications.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Bitcoin Reserves

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