BREAKING: U.S. Treasury Secretary Bessent Says Crypto Reserves Will Rely on Confiscated Assets, Not Purchases
In a clear stance on digital currencies, U.S. Treasury Secretary Bessent confirmed today that the U.S. government will not be purchasing cryptocurrency to build reserves. Instead, any crypto held by the Treasury will come from confiscated assets.
“We are not going to be buying it,” Bessent stated, referring to $BNB
crypto, “We will use what has been seized through enforcement actions.”$BTC
This marks a firm policy direction as regulators continue to grapple with crypto’s role in financial systems. The move reinforces the government’s view of crypto more as an asset to monitor and control than to embrace as part of its reserve strategy.