Democratic lawmakers in the United States pressure the Treasury Department to halt Trump's Bitcoin reserve plan
PANews reported on March 14, according to The Block, that senior Democratic member of the U.S. House Committee on Oversight and Reform, Gerald Connolly, wrote a letter to the Treasury Department asking it to stop plans established by the Trump administration for a national Bitcoin reserve, accusing it of having an "obvious conflict of interest". Connolly pointed out that Trump pushed this plan without congressional approval which could benefit him and his allies personally while harming American taxpayers' interests.
Previously reported was that U.S. Democratic Representative Gerald Connolly called for an ethical investigation into Trump's cryptocurrency project.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bank of Japan minutes turn hawkish: Most members believe a rate hike is needed soon, with a 70% probability of a hike in December
Minutes from the Bank of Japan show that several members believe a rate hike is needed in the near term, with a roughly 70% probability of an increase in December. Core inflation has met the target for the first time in 30 years, and the current policy rate stands at 1.25%.
Former Chainlink Product Marketing Director Michael Robinson joins Monad Foundation
The Federal Reserve Eyes $1.8 Trillion in “Shadow Credit”: Dallas and New York Fed Launch First Private Credit Survey
The Dallas and New York Federal Reserves have launched an investigation into private credit lending standards, covering an industry worth 1.8 trillions USD, with a minimum threshold of 50 millions USD. The results will be released in the first quarter of 2027.
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Crypto prices
More
