U.S Bitcoin reserve will ‘enrich President Trump and allies, not taxpayers’ – Lawmaker – BitRss

• U.S Reprsentative Connolly has urged Secretary Bessent to cease BTC ($84,069.02) reserve plans
• Connolly believes that the crypto reserves will ‘enrich’ the President’s allies, not taxpayers

U.S. Representative Gerald Connolly has urged U.S Treasury Secretary Scott Bessent to cease attempts to create a strategic Bitcoin [BTC] reserve. In doing so, he cited a conflict of interest between President Trump and his allies. The legislator’s letter to Bessent read, 

“The creation of a strategic cryptocurrency reserve is poised to enrich the President and his closest allies at the expense of American taxpayers. I urge you to cease all plans to create a strategic cryptocurrency reserve.”

Bitcoin reserves and transparency