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In what is a statement of opposition to the decision, US President Donald Trump and his administration have vehemently disagreed with Moody’s decision to downgrade the United States’ credit rating. Indeed, Treasury Secretary Scott Bessent appeared on NBC News’ Meet the Press, where he challenged the rating’s importance. On Friday, the White House criticized the decision to downgrade the rating, according to Bloomberg. Specifically, the ratings firm cut the sovereign credit rating by a single level to close the week. It had identified concerns with the nation’s $36 trillion debt as the major reasoning behind the decision. JUST IN: President Trump disagrees with Moody's decision to downgrade the US credit rating. — Watcher.Guru (@WatcherGuru) May 19, 2025 Also Read: President Trump Ushering In Crypto ‘Golden Age,’ White House Official Says Trump Administration Challenges Moody’s US Credit Rating Downgrade It has been a rather overwhelming and often dis...

1. President Trump Signs Executive Order to Establish Strategic Bitcoin Reserve link David Sacks, the “Crypto Tsar” and the White House’s AI and Crypto Affairs Chief in the United States, tweeted that Trump has signed an executive order to establish a strategic Bitcoin reserve. The funds for this reserve come from the bitcoins obtained by the federal government through criminal or civil asset forfeiture procedures, without involving taxpayers’ money. These bitcoins will be used as a store of value and will not be sold. In addition, the executive order also establishes a US digital asset reserve for holding confiscated digital assets other than bitcoin, but will not acquire any new assets. This reserve will be managed by the US Department of the Treasury. Fox reporter Eleanor Terrett has conducted an in-depth Analysis of Trump’s establishment of strategic Bitcoin and digital asset reserves. The strategic reserve contains only BTC, with the initial funds coming from approximately 200,00...