The Most Senior Democratic Member of the Audit Committee of the US House of Representatives Gerald ConnollyPresident Donald Trump’s strategic Bitcoin $83,255.23 He wanted to stop the reserve attempt. Connolly said in a letter to the US Treasury Ministry, Trump’s plan has created serious conflicts of interest. Trump is trying to implement without permission from Congress Bitcoin reservein the opinion that the American taxpayers may be at the loss. Connolly demanded immediately stopped the plan for the creation of this reserve and to provide information to Congress on the issue.
Trump’s claim of conflict of interest in crypto currency projects
Connolly suggested that crypto currency projects supported by President Trump have led to conflicts of interest. Trump’s personally supported World Liberty Financial The crypto currency project was released last year. The value of the project declined from approximately $ 380 million in a short time to $ 76 million today. In addition, the sales of the project WLFI Coin is still ongoing.
Connolly, Trump’s own name Trump Melania Trump with Melania Melana He also drew attention to Memecoin initiatives. These Memecoins of Trump couple were launched shortly after Trump’s starting ceremony.
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Connolly asked the Treasury to learn the measures taken by the Trump administration against the conflicts of interest and the security mechanisms applied. The Ministry must respond to these requests until 27 March.
The Ministry of Treasury has not yet made an official statement on the issue. It is wondered how the Ministry will act in this process.
Strategic Bitcoin Reserve Created Discussion
Trump last week, confiscated BTCHe signed the presidential order for the creation of a strategic Bitcoin reserve to be used. The reserve will consist of BTCs seized in criminal or legal processes. It was learned that Trump also announced that other confiscated crypto currencies will be converted into Bitcoin.
President Trump announced his reserve idea in the messages he shared at Truth Social and LEFT, XRP with ISLAND He announced that crypto coins would be included. However, later in a statement, Bitcoin would also be on the reserve, causing confusion.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
