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US Treasury Secretary: Government Begins Including Confiscated Bitcoins in 'Strategic Reserves'

Summary: According to Fox Business, US Treasury Secretary Scott Bessent announced that the government has begun including confiscated bitcoins in 'strategic reserves' instead of routinely auctioning them off. Bessent stated that the government will not purchase bitcoins on the open market, but will hold confiscated assets long-term.

According to Fox Business, US Treasury Secretary Scott Bessent announced that the government has begun including confiscated bitcoins in 'strategic reserves' instead of routinely auctioning them off. Bessent stated that the government will not purchase bitcoins on the open market, but will hold confiscated assets long-term.

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Link: US Treasury Secretary: Government Begins Including Confiscated Bitcoins in 'Strategic Reserves'   [Copy]
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