Trump's Bitcoin Reserve: A Lawmaker Pushes For A Permanent Abandonment

A wind of dissent is blowing over Washington. A legislator is directly challenging Donald Trump’s initiative to create a strategic reserve of bitcoin and other cryptocurrencies. For him, this project is far from a visionary advance: it is more of a dubious maneuver, built on unstable ground where private interests and public funds intertwine.

A bitcoin reserve, but for whom?

Donald Trump’s project, announced with much fanfare and bold declarations, plans the constitution of a national reserve of bitcoin.

The official goal? To strengthen the United States’ position in the digital asset market and guarantee a strategic stock of cryptos.

But for the legislator at the origin of this challenge, it is primarily a smokescreen designed to serve the financial interests of Trump and his close associates.

Behind this project, a harsher reality is emerging. According to critics, this reserve would benefit neither the economic stability of the country nor the American citizens.

It would rather provide a financial windfall to investors already well-positioned in the bitcoin market, including influential Republican donors. A decision that resembles more a political favor than a rigorous economic strategy.

A risky maneuver under fire

Beyond suspicions of personal interests, the creation of a bitcoin reserve by the state poses a real problem of monetary governance.

If the United States decides to allocate public funds for crypto purchases, they are directly intervening in a notoriously volatile and unpredictable market.

A member of the Federal Reserve has already described this idea as “the greatest monetary absurdity ever contemplated“.

An opinion shared by many economists, who fear that this initiative exposes public finances to reckless risks. Because unlike gold, the historical reserve of nations, bitcoin offers no guarantee of stability and its price can collapse on a simple tweet from Elon Musk or a sudden Chinese regulation.

The legislator behind this dissent therefore calls on the Treasury to backtrack before it is too late. He points out the lack of consultation from Congress and the total absence of transparency surrounding this project, and demands that the Treasury abandon this initiative without delay.

The battle is just beginning. Opposition to this bitcoin reserve is intensifying, and with it, a crucial debate on the future of cryptocurrencies within state policies. Financial revolution or opportunistic drift? One thing is certain: this matter is far from over. Meanwhile, in Russia, the Central Bank wants to structure the crypto market.