US Treasury to Retain Seized Bitcoin in National Reserve
- US Treasury Secretary Scott Bessent confirmed the government’s plan to add Bitcoin from criminal seizures to the national digital asset reserve.
- The sale of seized Bitcoin is currently suspended, aligning with the strategy to stop selling before adding assets to reserves.
- The Department of Justice (DOJ) stated that Bitcoin forfeited in the Samourai Wallet case will be retained in the Strategic Bitcoin Reserve (SBR), not liquidated.
- Questions remain about an Asset Liquidation Agreement signed by the DOJ with Samourai developers, despite plans to retain seized assets.
- The BITCOIN Act, aimed at acquiring more Bitcoin through budget-neutral means, has made little progress and is unlikely to advance soon.
The US government focuses on growing its Strategic Bitcoin Reserve by retaining seized Bitcoin, while sales remain suspended and legislative efforts like the BITCOIN Act stall.
Source (3.2)https://cryptobriefing.com/treasury-secretary-bessent-reiterates-commitment-adding-seized-bitcoin-strategic-reserve/?rand=59535
