US lawmakers urge Treasury Secretary to halt Bitcoin reserve plan

According to DL News, US Congressman Gerry Connolly has urged US Treasury Secretary Scott Bessent to halt efforts to establish a US national Bitcoin reserve. Connolly stated in the letter that this move is not beneficial to the public and will only benefit the President and his donors, while putting American taxpayers at great financial risk. Connolly also expressed concerns about US President Trump's personal financial interests in cryptocurrency and dissatisfaction with the initiative not being approved by Congress.