Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Top Democrats pressure Treasury to halt Trump's strategic Bitcoin reserve plan
2025-03-14 00:26

Odaily News Gerald Connolly, a top Democrat on the Oversight and Government Reform Committee, urged the U.S. Treasury to halt its plans to create a strategic cryptocurrency reserve after President Donald Trump pursued a national Bitcoin reserve and personal cryptocurrency holdings. He also pointed out the conflict of interest issues that exist when Donald Trump is involved in certain crypto projects, such as his TRUMP meme coin and the World Free Finance Project. In the past few months, the terms "reserve" and "hoarding" have been used interchangeably, but sources point out that there are key differences between the two. (TheBlock)