US Treasury Secretary Scott Besent Washington wants to adopt global bitcoin and crypto policy on frontfoot.
Next to the White House Crypto Summit, Treasury Secretary of President Donald Trump Scott Besent included other pro-crypto cabinet members in champions digital asset-friendly rhetoric Media,
Creating a national bitcoin (BTC) investment strategy during Trump’s campaign trail was a major crypto promise. In January, the President signed an executive order to detect an American digital asset stockpile, which would include several expectations BTC.
Trump released another Crypto EO on 6 March, referring to “US Digital Asset Stockpile” and “Stratagic Bitcoin Reserve”. The revised order suggests the active government to buy, first after EO a back bone of dispute.
According to Bitcoin Tradesies, the US government had a value of 198,109 BTC around $ 18 billion, while the BTC spot price floated under $ 90,000. Most, if not all, BTC was accumulated through criminal cracks.
On 6 March, David Sachs, White House AI and Crypto Caesar criticized the previous administration for misleading the US BTC funds. Sachs said that the government sold very quickly and earned $ 366 million in a decade, if it was held.
Speak with CNBC A few hours before Trump’s summit, Secretary Besant said that BTC’s further government sales were a priority, as is considering the potential BTC purchase for a reserve. Bessent also said that America should take a global lead over the crypto policy and “Bring bitcoins to the shore.” Trump’s Treasury Secretary said, “I am a major proposer to take lead worldwide in Crypto.”
