The always excellent #WallStreetOnParade weighs in on the insanity of the #BitcoinStrategicReserve being flogged by Senator Cynthia Lummis and her army of crypto bros. I was not personally aware of the Exchange Stabilization Fund that they cite as a possible mechanism for Trump to enrich the bros with taxpayer money.

https://wallstreetonparade.com/2024/12/trump-has-a-slush-fund-to-prop-up-the-dollar-will-he-use-it-to-prop-up-bitcoin-instead/

#crypto #bitcoin #CynthiaLummis #SenatorLummis #cryptocurrency #BTC #Trump #DonaldTrump #uspol #uspolitics

Trump Has a Slush Fund to Prop Up the Dollar – Will He Use It to Prop Up Bitcoin Instead?

By Pam Martens and Russ Martens: December 10, 2024 ~ The dark veil behind which the U.S. political system has operated since the U.S. Supreme Court’s