Trump’s Bitcoin Bonanza: Democrat Lawmaker Sounds Alarm on “Dumbest Idea Ever”
Oh, the hubris of it all! 🤣 A Democrat lawmaker, Gerald E. Connolly of Michigan, has come out swingin’ against the Trump administration’s plans to create a strategic Bitcoin reserve. And by “strategic,” I mean “a way for Trump to line his pockets with taxpayer dollars.” 💸
Connolly, the ranking Democrat on the House committee on oversight and government reform, has written a scathing letter to Treasury Secretary Scott Bessent, calling the plan “unsound fiscal policy” and a “highly speculative taxpayer-backed hedge.” He’s got a point, don’t you think? I mean, who needs a stable economy when you can have a volatile cryptocurrency market? 🤪
Connolly also took aim at Trump’s alleged conflicts of interest, pointing out that the president’s company, the Trump Organization, owns a crypto platform called World Liberty Financial. And let’s not forget about the Official Trump (TRUMP) memecoin, which has allowed Trump-linked entities to cash in on over $100 million worth of trading fees. That’s what I call a “money grab”! 🤑
Now, the White House claims that the Digital Asset Stockpile will only hold onto cryptocurrency already forfeited, and that the Bitcoin reserve will only make acquisitions through budget-neutral strategies. But let’s be real, folks. This is just a fancy way of saying “we’re going to use taxpayer dollars to prop up Trump’s crypto empire.” 🤑
Connolly has asked Bessent to provide documents and communications related to the creation of a Bitcoin reserve, as well as a complete list of steps the Trump administration has taken to avoid a conflict of interest. I’m sure it’ll be a thrilling read. 😴
So, there you have it. Another example of the Trump administration’s “creative” approach to governance. Who needs facts and figures when you can just make stuff up and hope no one notices? 🤣
Stay vigilant, folks. This is just the beginning of a wild ride. 🎠
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2025-03-14 06:21