Deep Tide TechFlow News, January 21, according to Financefeeds. Reported that U.S. Treasury Secretary Scott Bessent officially announced at the World Economic Forum in Davos on January 20 that the U.S. government will cease all planned confiscation and liquidation activities of digital assets. Under the new policy, all Bitcoin held by the Department of Justice and the Treasury (primarily obtained through criminal and civil asset seizures) will be permanently transferred into the "U.S. Strategic Bitcoin Reserve."
Bessent emphasized that the government prioritizes "stopping the loss of sovereign digital wealth," and instead considers the existing holdings of over 200,000 Bitcoins as a permanent store of value. The Treasury Secretary stated that the Strategic Bitcoin Reserve will grow naturally through law enforcement actions, rather than through open market purchases using taxpayer funds.
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Deep Tide TechFlow News, January 21, according to Financefeeds. Reported that U.S. Treasury Secretary Scott Bessent officially announced at the World Economic Forum in Davos on January 20 that the U.S. government will cease all planned confiscation and liquidation activities of digital assets. Under the new policy, all Bitcoin held by the Department of Justice and the Treasury (primarily obtained through criminal and civil asset seizures) will be permanently transferred into the "U.S. Strategic Bitcoin Reserve."
Bessent emphasized that the government prioritizes "stopping the loss of sovereign digital wealth," and instead considers the existing holdings of over 200,000 Bitcoins as a permanent store of value. The Treasury Secretary stated that the Strategic Bitcoin Reserve will grow naturally through law enforcement actions, rather than through open market purchases using taxpayer funds.