Trump Endorses Bitcoin Reserve Plan Amidst Memes and Ethics Concerns

Former President Donald Trump has thrown his support behind a bill seeking to create a $1 million Bitcoin reserve as part of the U.S.’s strategic effort in crypto dominance. However, this move clashes with ongoing scrutiny over his TRUMP token, sparking debate about ethics and political monetization. Senator Lummis’ BITCOIN Act proposes acquiring one million BTC to strengthen national crypto competitiveness. The legislation marks a significant shift from Trump’s earlier focus on memecoins like the TRUMP token which offers exclusive White House access to its top holders. This move has drawn both support and criticism, prompting questions about transparency and potential conflicts of interest.