Treasury Secretary Scott Bessent says US should bring BTC onshore

Treasury Secretary Bessent signaled that he would explore ways to acquire additional Bitcoin at the White House Crypto Summit on March 7.

US Treasury Secretary Scott Bessent recently called for bringing Bitcoin (BTC) onshore and said he would discuss the next steps for possibly acquiring more BTC at the White House Crypto Summit on March 7.

Bessent appeared in a CNBC interview and criticized the US government’s previous sales of Bitcoin. The treasury secretary told the interviewer:

The treasury secretary added that after all victims of financial malfeasance or settled court cases are paid out from the US government’s seized Bitcoin stockpile, the rest would go into the Bitcoin strategic reserve.

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