Treasury Secretary Scott Bessent said that the US could become a leader on the global stage in terms of digital assets.
Bessent, in a recent interview with CNBC says that the United States must welcome businesses related to crypto into the country. It should also take the lead role within the sector.
I am an advocate of US leading the world in Crypto. “I am a big proponent of the US taking the lead in crypto.”
The US president Donald Trump created a Bitcoin Reserve (BTC), which commits to the US not to sell any BTC that is seized.
David Sacks is the “Crypto Czar” of the White House. According to him, the US Government has sold around 195,000 Bitcoins for $366 millions, which is far less than what they would have been worth today, more than $17 Billion.
Arkham, a blockchain analytics company, reports that the US government owns BTC worth $17.05 billion.
Bessent says that eventually, a plan may be created to buy more Bitcoins for the Reserve.
Before you accumulate the Bitcoin Reserve, I think you need to stop selling them. What we now have is from an asset pool that was seized…
The first step is to cease the sale of…
“After the victims have been paid and after all that has happened, any assets seized will be put into the reserve. Then we’ll decide how to proceed with more purchases for the reserves.”
Bitcoin has a value of $86,624 as at the time this article was written, which is flat for the day.
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As new information becomes available, this post Treasury Sec. Scott Bessent says US should take the lead in crypto and strive to ‘bring it onshore’. may be updated.
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