Golden Finance reported that U.S. Treasury Secretary Basent stated on Fox Business Channel on Thursday local time that the U.S. government will not directly purchase more Bitcoin, but he later clarified that this does not mean the plan to expand the reserve of crypto assets has been halted. Since President Trump signed an executive order to create a Bitcoin strategic reserve in March, the market has been closely watching the specific operational details. This reserve is currently based on approximately $20 billion worth of cryptocurrencies confiscated by the government from criminal activities, while the executive order explicitly requires the Department of Commerce and the Department of Treasury to explore ways to expand the reserve in a 'budget-neutral' manner. Basent's morning statement of 'not purchasing' was interpreted by the market as a halt to the expansion of the reserve. However, he later clarified on social media that 'the Treasury is committed to exploring budget-neutral paths for increasing Bitcoin holdings,' and his spokesperson emphasized that earlier comments were over-interpreted—those statements were merely casual remarks during the program and not significant policy announcements. (Golden Ten)

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