Scott Bessent, U.S. Treasury secretary, reaffirmed when asked what the U.S. Government’s position is on Bitcoin and the recent BTC seizure that it will stop all sales and add the BTC to the Strategic Bitcoin Reserve.
Bessent is a member of the World Economic Forum at Davos. told The initiative, according to journalist Christine Lee, is a part of larger efforts to bring digital asset innovation on U.S. soil and keep federal oversight for seized cryptocurrency.
The government has been questioned about its handling of BTC that was seized by developers associated with Tornado Cash and the Southern District in New York, as well as other questions. handling of bitcoin Samourai Wallet is developed by Samourai Wallet.
Bessent refused to comment on the ongoing lawsuits, but he did emphasize that any BTC seized by federal authorities would not be sold in auctions, as was done previously, after legal damages were resolved.
“This administration’s policy is to add seized Bitcoin to our digital asset reserve,” Bessent emphasized the first step to implementing SBR, which is stopping all sales.
The Reserve established Under a March 20, 2025 executive directive, Bitcoin is treated as a strategic long-term asset similar to petroleum or gold stockpiles.
Bessent seemed to describe the current strategy as one that is pro-innovation and pro-onshore.
Treasury Department wants the U.S. to be the world’s leading economy “best regulatory regime for digital assets,” Bipartisan legislation, such as Genius Act which codifies the stablecoin regulations at federal level.
Samourai Wallet Bitcoin: The U.S. Government denies selling any bitcoin
U.S. officials met with the U.S. public last week. denied reports BTC forfeited to Samourai Wallet Developers has been sold. These assets are now part of Executive Order 14233’s Strategic Bitcoin Reserve.
Patrick Witt of President’s Council of Advisors for Digital Assets said that the Department of Justice had confirmed 57.55 BTC (worth approximately $6.3 million) hasn’t been liquidated and won’t be.
Clarification came shortly after earlier reports U.S. Marshals Service could have transferred BTC to Coinbase Prime. This fuels speculation that a transfer would have been in violation of the executive order.
Frank Corva of the Journalist Frank Corva reports that U.S. Marshals Service seems to have transferred the 57.55 BTC that Samourai Wallet developer’s forfeited directly to a Coinbase prime address. The balance of the Coinbase Prime account showed a zero, suggesting BTC had already been sold.
The sale of bitcoins would violate Executive Order 14233. It requires that all forfeited Bitcoins be placed in the U.S. Strategic Bitcoin Reserve instead of being sold.
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Source: bitcoinmagazine.com
