US Treasury Secretary Clarifies Government Cryptocurrency Strategy: No Immediate Bitcoin Purchases, But Reserve Expansion Plan Continues

According to reports from AXIOS cited by Jinshi Data, US Treasury Secretary Yellen stated on Fox Business Channel on Thursday that the US government will not directly purchase more Bitcoin, but clarified that this does not mean the expansion of the cryptocurrency reserve plan has been halted. Since Trump signed an executive order in March to create a Bitcoin strategic reserve, the market has been closely watching for details on its operation. The reserve is currently based on approximately $20 billion in cryptocurrency seized from criminal activities, with the executive order explicitly requiring the Department of Commerce and the Treasury Department to research ways to expand the reserve in a 'budget-neutral' manner. Yellen's morning statement of 'not buying' was initially interpreted by the market as a halt to the reserve expansion. However, she later supplemented her statement on social media, saying that the Treasury Department is committed to exploring a budget-neutral path for increasing Bitcoin holdings. Her spokesperson emphasized that the earlier remarks were overinterpreted - the statements made on the program were offhand comments and not significant policy declarations.

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