According to Foresight News, U.S. Treasury Secretary Janet Yellen recently disclosed an important policy direction during an interview with Fox Business. The U.S. government has begun to establish a Bitcoin strategic reserve mechanism, marking a clear shift in official attitudes toward digital assets.
New Uses for Government Seized Bitcoin
Unlike previous practices of auctioning or destroying seized Bitcoin, Yellen stated that the U.S. will change its strategy. The Bitcoin seized by the government will no longer be sold but will be kept as part of the national strategic reserve for the long term. This shift reflects Washington’s reevaluation of Bitcoin as an asset reserve value.
Official Holdings and Market Impact
Yellen emphasized that while the U.S. government will not actively purchase Bitcoin, it will retain existing seized assets. This passive holding approach avoids direct market intervention suspicions and adds digital asset exposure to national asset allocation. This policy shift could have a positive impact on the overall cryptocurrency market sentiment.
The announcement of the U.S. establishing a Bitcoin strategic reserve marks a new phase where major economies move from regulatory confrontation to strategic engagement.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
U.S. Official Attitude Shifts: Treasury Secretary Yellen Announces Bitcoin Reserve Plan
According to Foresight News, U.S. Treasury Secretary Janet Yellen recently disclosed an important policy direction during an interview with Fox Business. The U.S. government has begun to establish a Bitcoin strategic reserve mechanism, marking a clear shift in official attitudes toward digital assets.
New Uses for Government Seized Bitcoin
Unlike previous practices of auctioning or destroying seized Bitcoin, Yellen stated that the U.S. will change its strategy. The Bitcoin seized by the government will no longer be sold but will be kept as part of the national strategic reserve for the long term. This shift reflects Washington’s reevaluation of Bitcoin as an asset reserve value.
Official Holdings and Market Impact
Yellen emphasized that while the U.S. government will not actively purchase Bitcoin, it will retain existing seized assets. This passive holding approach avoids direct market intervention suspicions and adds digital asset exposure to national asset allocation. This policy shift could have a positive impact on the overall cryptocurrency market sentiment.
The announcement of the U.S. establishing a Bitcoin strategic reserve marks a new phase where major economies move from regulatory confrontation to strategic engagement.