$BTC Donald Trump's plan for a Strategic Bitcoin Reserve has stirred significant controversy. House Representative Gerald E. Connolly strongly opposes it. Connolly believes that the reserve serves Trump's personal interests rather than national prosperity. His main concerns include financial transparency and ethical governance, insisting that this move could undermine trust in government. He warns that the lack of oversight threatens financial stability, arguing that federal resources should remain under strict Congressional control.

House Representative Connolly against the BTC stock

House Representative Connolly criticized Donald Trump's plans for a Strategic Bitcoin Reserve and moved to block its creation. Connolly has called on the U.S. Department of the Treasury to halt the process of establishing a crypto reserve. This member of the House Committee on Oversight and Government Reform raised concerns about the motives behind the creation of this reserve. Based on his statement, this cryptocurrency reserve could be used by Trump for personal gain, creating a conflict of interest. He believes that this stock of cryptocurrency will be used for the financial benefit of Trump and his supporters.