Oppose risky national cryptocurrency stockpile and promotion

I am deeply concerned about the potential financial risks and ethical implications of the Trump administration's proposed plan to establish a strategic national digital assets stockpile and promote widespread cryptocurrency adoption. This misguided policy threatens to undermine the stability and trust in our traditional financial systems, while enriching a few powerful interests at the expense of the broader public. Cryptocurrencies are highly speculative and volatile assets with no intrinsic value backing them. Their prices are driven largely by speculation and hype, making them susceptible to manipulative practices that could destabilize markets and economies. Amassing a national stockpile of these assets would effectively amount to gambling with taxpayer funds on a risky and unproven technology. Furthermore, the decentralized and anonymous nature of cryptocurrencies makes them attractive for illicit activities such as money laundering, tax evasion, and financing of criminal enterprises. Promoting their widespread adoption could inadvertently enable and incentivize such illegal activities, undermining the integrity of our financial system. I urge you to reconsider this ill-advised policy direction and prioritize the stability, security, and public interest in our financial system over the narrow interests of cryptocurrency speculators and profiteers. Our nation's financial well-being and the trust of the American people should not be jeopardized for the sake of an unproven and risky technological experiment.