U.S. Treasury Secretary Scott Bessent reiterated during the World Economic Forum (WEF) in Davos, Switzerland, that President Trump is committed to making the United States a global leader in cryptocurrency innovation and will continue to advance the strategic Bitcoin reserve plan. “The policy of this administration is to incorporate the confiscated Bitcoin into our digital asset reserves after completing the relevant judicial procedures,” Bessent said. “Therefore, in our view, the first step in establishing a Bitcoin reserve is to stop selling Bitcoin, and we have already achieved this; only then can we continue to increase related assets and confiscated proceeds.” (The Block)
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U.S. Treasury Secretary Scott Bessent reiterated during the World Economic Forum (WEF) in Davos, Switzerland, that President Trump is committed to making the United States a global leader in cryptocurrency innovation and will continue to advance the strategic Bitcoin reserve plan. “The policy of this administration is to incorporate the confiscated Bitcoin into our digital asset reserves after completing the relevant judicial procedures,” Bessent said. “Therefore, in our view, the first step in establishing a Bitcoin reserve is to stop selling Bitcoin, and we have already achieved this; only then can we continue to increase related assets and confiscated proceeds.” (The Block)