Lawmaker Urges Treasury to Block Trump’s Bitcoin Reserve Initiative
House Representative Gerald E. Connolly, representing Michigan, formally requested the US Treasury to intervene against Donald Trump’s proposed Bitcoin reserve. In a letter sent to Treasury Secretary Scott Bessent on March 13, Connolly emphasized the urgency of addressing the economic implications associated with the plan. His stance reflects a growing concern among lawmakers regarding the potential risks that Bitcoin’s volatility could impose on fiscal policy. As the cryptocurrency landscape evolves, understanding the intersection of politics and financial strategy remains crucial.