Trump’s strategic reactions retreat from a violent reaction to the alleged self -answer

In a strong reprimand of President Donald Trump’s financial policy, Democratic Representative Gerald E. The US Treasury Department has immediately stopped the efforts to create a strategic encryption reserve.

Konoli, who is a member of the Supervision Committee for the Government Supervision and Reform Council, has sparked concerns about what he described as a conflict of blatant interests, on the pretext that the initiative appears to be designed to enrich Trump and his financial supporters instead of serving the wider American public.

His official request was determined in a letter On March 13, it was sent to Treasury Secretary Scott Bessin.

The Trump reserve challenges the encryption

The controversy stems from Trump’s executive order that was signed earlier in March. It separates the details of the establishment of the Bitcoin Federal Reserve with approximately 200,000 Bitcoin in the government’s possession. In addition, the request is established by US digital assets, a separate entity assigned to the management of the lost digital assets, including ETAREUM, XRP, Solana and Cardano.

While the administration stated that the reserve aims to strengthen the country’s leadership in digital financial technology, Honoli claims that the initiative is a misleading political decision that can undermine economic stability while taking advantage of the president’s personal commercial projects in an impartial way.

The Concues of the Concoli is the financial interest of Trump in the global financial initiative (WLFI). He warned that Trump’s personal share in the company provides a disturbing conflict of interests, because any government policy that enhances the values ​​of encrypted currency will directly enhance the profitability of Trump’s commercial interests.

In addition, the legislator indicated Trump’s controversial involvement in the MIMENA Tram (Trump) official. Critics described the distinguished symbol as the plan of the speculative funds committee, while Honoli said that Trump and his allies would receive his financial fluctuations.

In addition to scrutiny, Konoli assumed a problem in the way in which the coded currency reserves are implemented and highlighted that the American president did not request a license for Congress for the initiative. By separating from legislative inputs, the administration’s approach raises concerns about transparency and accountability in dealing with federal fiscal policy. Konoli’s speech was cited with a federal backup official who rejected the coded currency reserve plan as the “most mysterious idea” that she proposed at all.

Konoli urged the Treasury to give up all the efforts made to move forward in the strategic cryptocurrency reserve and requested a complete briefing in this regard by March 27. The opposition is also escalating, the debate on Trump’s encrypted currency policies is expected to increase. Meanwhile, legislators and financial experts continue to assess the effects of the federal government assets reserves.

The encryption market in disturbances

After Trump’s executive order on March 6, the Bitcoin Strategic Reserve was established, the encryption markets witnessed a sharp decrease. Bitcoin fell, for one, from more than 93,400 dollars to the lowest level at 77234 dollars in less than a week. Although the price has since organized a partial recovery to 83176 dollars, investor morale is still fragile as uncertainty in the macroeconomic economy continues to influence the market.

Altcoins also suffered from great losses, as Ethereum, XRP, Solana and Cardano published declines of two numbers in the aftermath of the announcement.