Former U.S. Treasury Secretary: The U.S. Bitcoin strategic reserve plan is too crazy and only caters to special interest campaign donors

2024-12-06 08:11:56
Collection

ChainCatcher news, according to Bloomberg, former U.S. Treasury Secretary Lawrence Summers dismissed the idea of the government establishing a Bitcoin asset reserve, calling it "too crazy" and merely catering to special interest campaign donors.

During his campaign, Trump proposed that the government retain tokens, and his allies wanted to scale up to reduce the national debt, as well as appoint a cryptocurrency supporter as the SEC chairman. Summers also stated that Musk's plan to cut $2 trillion in spending is politically very difficult to achieve.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators