#binance #hype #zec #near
14/08/25 13:28 UTC-04

US Treasury Will Not Buy Bitcoin for Strategic Reserve

US Treasury Secretary Scott Bessent confirmed that the US government holds a relatively small amount of Bitcoin (BTC), valued between $15 billion and $20 billion — significantly less than previous estimates of $23 billion.

He also stated that the US government will not be purchasing more BTC for its Strategic Bitcoin Reserve, dashing the hopes of millions of investors.

Rumors about using the Exchange Stabilization Fund or other mechanisms to redirect funds from the US gold reserves to purchase Bitcoin have been circulating for several months.

However, Bessent dismissed these plans, which is believed to have led to a significant drop in the price of Bitcoin and the overall cryptocurrency market.

Additionally, he said he was unaware of any government plans to acquire more BTC. At the same time, he reiterated his earlier pledge not to sell coins confiscated in civil and criminal cases that are in the process of being transferred under US government control.

It is worth noting that former President Donald Trump had previously signed an order requiring Bessent to consider such plans, but it appears he has already done so and decided against them.

See also: "NFT Market Capitalization Surpasses $9.3 Billion Fueled by ETH Price Growth"

#Crypto Regulations #USA #Reserves

Editor: Godfrid Brower
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21/04/26 01:58 UTC-04

Crypto Market Regulation in the U.S. Delayed Again

The crypto market in the United States continues to face uncertainty, as one of the key bills on digital asset market structure is once again delayed. Senator Thom Tillis, who is involved in drafting the initiative within the Senate Banking Committee, said that no hearings on amendments or voting should be expected in April.