Donald Trump's initiative to establish a national bitcoin reserve is facing significant resistance in U.S. political circles. The main cause of criticism is the intertwining of private interests and public funds.
Project's Goal and Criticism
Donald Trump's project involves creating a national bitcoin reserve to strengthen the United States' position in the digital asset market. However, critics argue that the true motive is financial gain for Trump and his associates, claiming that the project serves private investors' interests more than the country's economic stability.
Concerns on Financial Stability
Critics, including a Federal Reserve official, warn of the potential risks to public funds, given the notorious volatility of the cryptocurrency market. Some economists consider this a dangerous move that could expose public finances to unwarranted risks.
Congressional Reaction and Next Steps
The legislator opposing the project is calling on the Treasury to backtrack, citing a lack of consultation with Congress and project transparency issues. This has raised concerns among experts.
The debate over the creation of a national bitcoin reserve continues, as discussions on the role of cryptocurrencies in state policy gain momentum. These issues are pertinent not only to the U.S. but also to other countries, like Russia, where the Central Bank is working to regulate the crypto market.
