Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, May 10
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»All Seized Bitcoin To Join Strategic Reserve
    Bitcoin

    All Seized Bitcoin To Join Strategic Reserve

    January 20, 20263 Mins Read


    When asked about the U.S. government’s approach to Bitcoin and recent BTC seizures, U.S. Treasury Secretary Scott Bessent re-affirmed that the administration will halt all sales of seized BTC and instead add it to the Strategic Bitcoin Reserve (SBR). 

    At the World Economic Forum in Davos, Bessent told journalist Christine Lee that the initiative is part of a larger effort to bring digital-asset innovation onto U.S. soil while keeping federal oversight of seized cryptocurrency

    This sentiment comes from questions about the government’s handling of BTC seized from developers linked to Tornado Cash in the Southern District of New York as well as the handling of bitcoin from Samourai Wallet developers.

    While Bessent declined to comment on ongoing litigation, he emphasized that any seized BTC would be retained by the federal government after legal damages are resolved, rather than being sold at auction as in prior years.

    “This administration’s policy is to add seized Bitcoin to our digital asset reserve,” Bessent said, highlighting the first step in implementing the SBR: stopping all sales.

    The reserve, established under a March 2025 executive order, treats Bitcoin as a long-term strategic asset, akin to gold or petroleum stockpiles.

    Bessent also seemed to frame the broader strategy of this current innovation as a pro-innovation, pro-onshore. 

    The Treasury wants to make the U.S. the “best regulatory regime for digital assets,” citing bipartisan legislation such as the Genius Act, which codifies stablecoin rules at the federal level. 

    The U.S. government says they didn’t sell any Samourai Wallet bitcoin

    Last week, U.S. officials denied reports that BTC forfeited by Samourai Wallet developers had been sold, confirming the assets will remain part of the Strategic Bitcoin Reserve (SBR) under Executive Order 14233. 

    Patrick Witt of the President’s Council of Advisors for Digital Assets stated that the Department of Justice confirmed the 57.55 BTC, worth roughly $6.3 million, has not and will not be liquidated. 

    The clarification came after earlier reports suggested the U.S. Marshals Service may have transferred the BTC to Coinbase Prime, fueling speculation of a sale that would have violated the executive order. 

    Journalist Frank Corva reported that the U.S. Marshals Service appears to have sent the 57.55 BTC forfeited by Samourai Wallet developers directly to a Coinbase Prime address, which showed a zero balance, suggesting the BTC may have already been sold.

    If true, this selling would contradict Executive Order 14233, which requires forfeited bitcoin to be held in the U.S. Strategic Bitcoin Reserve rather than liquidated.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article‘It’s Now Happening’—Urgent U.S. Dollar ‘Collapse’ Warning Issued As Markets Brace For Gold And Bitcoin Price Shocks
    Next Article MSTR’s Bitcoin Strategy Faces Struggles as Bitcoin Price Declines

    Related Posts

    Bitcoin

    ED arrests key accused in Bitcoin scam, hacker ‘Sriki’ also nabbed

    May 10, 2026
    Bitcoin

    CME Group Sets June 1 Launch for Bitcoin Volatility Futures, Pending CFTC Approval

    May 10, 2026
    Bitcoin

    Bitcoin Price May Dip Toward $70K as Fed Estimates Hotter CPI Print

    May 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Why Dow Jones S&P 500 Nasdaq fall today: Why US stock market Dow Jones crashes big today: Dow Jones, S&P 500, Nasdaq fall today as gold and silver prices crash while oil surges; Fed uncertainty and Iran war fears hit Wall Street

    March 19, 2026
    Bitcoin

    La stabilité des prix de Bitcoin en danger de la «présentation du commerce de base» potentielle qui a catalysé le crash covide

    April 6, 2025
    Investing

    Profiting from war: Europe’s pension funds mull investing in defence

    July 23, 2024
    What's Hot

    Dow sinks 800 points, S&P 500 and Nasdaq see worst day since April as Trump’s renewed tariff threats spook Wall Street

    October 10, 2025

    Jim Cramer’s top 10 things to watch in the stock market Monday

    January 26, 2026

    US Stock Market Live Updates: Dow, S&P 500, Nasdaq dip as investors assess Warsh, Iran conflict

    April 21, 2026
    Most Popular

    The NAGA Group Becomes First International Broker to Offer Retail Investors Direct Access to Bucharest Stock Exchange

    March 4, 2025

    Goldman and Morgan Stanley CEOs See Coming Stock Market Correction

    November 4, 2025

    Is the Trump Bull Market About to Come to an End? Here’s What History Says About the U.S. Stock Market “Downgrade.”

    March 16, 2026
    Editor's Picks

    Bitcoin’s $20K Drawdown in August Leaves Short-Term Holders Reeling

    August 8, 2024

    Bitcoin ETF Options Could Boost Action on Wall Street—And Volatility, Say Analysts

    October 21, 2024

    BTC reverses early loss, rises above $72,000 on Middle East hopes

    April 9, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.