U.S. Treasury Secretary Besant affirmed that there will be no additional purchases of cryptocurrency reserves and that seized assets will be utilized.
In a statement on August 14, Secretary Besant emphasized that the current policy does not include purchasing cryptocurrency; instead, seized assets will be utilized.
MAIN CONTENT
The U.S. government will not continue to purchase cryptocurrency reserves.
Seized cryptocurrency assets will be used by the government.
Public statement by U.S. Treasury Secretary on August 14.
What are the U.S. Treasury's plans regarding cryptocurrency reserves?
U.S. Treasury Secretary Besant announced that there are no plans to purchase additional cryptocurrency reserves. This indicates that the current policy focuses on managing existing assets without increasing the amount of cryptocurrency reserves.
The statement made on August 14 clarified that the administration prioritizes the effective use of seized cryptocurrency assets rather than expanding investment in new purchases.
How is the policy on the use of seized cryptocurrency assets applied?
Secretary Besant stated that the seized cryptocurrency assets will be used instead of being idle or sold off. This reflects a direction aimed at optimizing the management of state-owned assets responsibly.
Utilizing seized assets helps mitigate risks and increase benefits for the state budget amidst a still volatile cryptocurrency market.
There are no plans to purchase additional cryptocurrency reserves; all seized assets will be used effectively.
U.S. Treasury Secretary Besant, statement on 08/14/2024
Frequently asked questions
Will the U.S. Treasury purchase additional cryptocurrency in the future?
The U.S. Treasury Secretary confirmed that there are currently no plans to purchase additional cryptocurrency reserves.
How does the government utilize seized cryptocurrency assets?
These assets will be utilized to support the budget and the state’s financial management strategies.
When was Secretary Besant's statement announced?
The content was officially announced on August 14, 2024.
How does this policy impact the cryptocurrency market?
The policy of restricting the purchase of new reserves may affect the source of demand, while the use of seized assets contributes to stable management.
Can we expect changes in this policy?
Currently, there are no signs of change; the Department of the Treasury maintains caution in managing cryptocurrency assets.
Source: https://tintucbitcoin.com/bessant-khong-mua-tien-dien-tu-du-tru/
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