Democrat Rep. Gerald E. Connolly is demanding that the US Treasury intervene in a political dispute over the Trump administration’s efforts to create a US crypto reserve. He sent a letter to Scott Bessent urging the Department to cease all attempts to create the crypto reserve.

The idea for the U.S. digital asset stockpile is part of Trump's plans to "make sure the U.S. is the Crypto Capital of the World."

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House Oversight Democrats are encouraging President Trump to abandon his plans for a crypto reserve, calling it a strategy to enrich himself at taxpayer expense. The reserve, announced by Trump last week as both a strategic bitcoin reserve and “digital asset stockpile” for other forms of digital currency,