Democrat lawmaker wants Treasury to stop Trump's Bitcoin reserve plans

From Cointelegraph
March 13, 2025 11:05:13 pm:

Democrat lawmaker urges US Treasury to halt plans for strategic crypto reserve, citing conflicts of interest with President Trump and lack of benefit to American people. Trump’s Bitcoin reserve plan criticized as unsound fiscal policy and wasteful of taxpayer dollars. White House defends plan to hold forfeited cryptocurrency. House Financial Services Committee Democrat criticizes Trump’s memecoin as a “money grab.” Representative asks for documents related to Bitcoin reserve creation and financial interests in crypto-related companies. Strategic Bitcoin Reserve to use forfeited cryptocurrency, while Digital Asset Stockpile to hold other cryptocurrencies like XRP, Solana, Cardano, and Ether.

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Bitcoin reaches new all-time high of $64,863.10. The cryptocurrency market cap surpasses $2.3 trillion, with Bitcoin representing over half of that value. Investors are optimistic about the future of digital assets as mainstream adoption continues to grow.: Democrat lawmaker urges Treasury to cease Trump’s Bitcoin reserve plans