U.S. Treasury Secretary "Reviewing Plans to Expand Bitcoin (BTC) Reserves"

Source
JH Kim

Summary

  • Scott Bessent, the U.S. Treasury Secretary, announced that he is seeking additional budget-neutral plans to increase Bitcoin (BTC) reserves.
  • The U.S. government stated that seized BTC will serve as the foundation of the national BTC reserves.
  • As of the 15th, based on the Binance Tether (USDT) market, the BTC price is trading at $117,946.93, down 3.84% from the previous day.

On the 14th (local time), Scott Bessent, the U.S. Secretary of the Treasury, officially announced via X (formerly Twitter), "The Treasury Department is seeking additional budget-neutral ways to increase Bitcoin (BTC) reserves," adding, "This measure is to fulfill the President’s promise to make the United States a global BTC powerhouse."

He continued, "Seized BTC will serve as the foundation of the U.S. BTC reserves."

As of 05:03 on the 15th, based on the Binance Tether (USDT) market, BTC is trading at $117,946.93, down 3.84% from the previous day.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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