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Treasury Secretary Scott Bessent says US should bring BTC onshore

cryptoweekly by cryptoweekly
March 7, 2025
in bitcoin, News
0

Treasury Secretary Bessent signaled that he would explore ways to acquire additional Bitcoin at the White House Crypto Summit on March 7.

US Treasury Secretary Scott Bessent recently called for bringing Bitcoin (BTC) onshore and said he would discuss the next steps for possibly acquiring more BTC at the White House Crypto Summit on March 7.

Bessent appeared in a CNBC interview and criticized the US government’s previous sales of Bitcoin. The treasury secretary told the interviewer:

The treasury secretary added that after all victims of financial malfeasance or settled court cases are paid out from the US government’s seized Bitcoin stockpile, the rest would go into the Bitcoin strategic reserve.

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Recent Posts
  • ZachXBT slams Bitcoin bridge Garden Finance for laundering hacked funds
  • Nakamoto Holdings secures $51.5M to expand Bitcoin treasury strategy
  • Crypto cycle is playing out ‘spookily similar’ to 2017: Raoul Pal
  • CoinMarketCap has 'identified and removed' malicious wallet scam
  • Bitcoin in a post-Trump world worries hedge fund execs: Eric Semler
  • Bitcoin futures premium falls to 3-month low despite strong BTC ETF inflows
  • Reddit weighs World’s scanning orbs for user verification — Report

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