Bitcoin Strategic Reserve Voices Step by Step in the US! Source from Inside the US Treasury Department Speaks

The U.S. Treasury Department has met with executives from three leading cryptocurrency custodians to explore options for preserving the country’s Strategic Bitcoin Reserve, sources familiar with the matter have revealed. Among the firms involved in those talks was Anchorage Digital, whose representatives met with Treasury officials on Monday. Multiple sources with direct knowledge of the meeting confirmed the discussions. Anchorage CEO Nathan McCauley noted that government officials have asked for details on best practices for securing a national Bitcoin reserve and managing a digital asset stockpile. McCauley also noted that officials have expressed concerns about the impact of custody regulations on stablecoins and broader market structures, and that these two critical issues are currently under Congressional scrutiny. “The Treasury Department is asking all the right questions,” McCauley said. “It’s clear that Treasury officials are carefully considering this move into the digital asset space, knowing that the United States is literally making history.” The Treasury Department is in the early stages of evaluating security measures to hold billions of dollars’ worth of digital assets indefinitely, a source with knowledge of the Capitol Hill meetings said. “I don’t think they have a firm stance yet and they are trying to figure out what their position should be,” the source said. “But they are actively seeking additional input from industry participants on the best way to maintain the strategic reserve and stockpile.” Related News: JPMorgan Releases Exclusive Bitcoin Mining Report - There's a Big Shift Industry leaders appear to favor an interim solution involving one or more third-party custodians before moving to state-managed self-custody when feasible. Self-custody means holding cryptocurrencies independently in cold storage wallets secured with private keys, rather than entrusting assets to external custodians. The national digital asset stockpile is expected to include a variety of cryptocurrencies captured across multiple blockchain networks, making third-party custody a likely permanent solution for certain assets. The U.S. government currently holds around 200,000 BTC, raising questions about current storage arrangements. Last summer, the U.S. Marshals Service announced that it had assigned Coinbase to hold large amounts of digital assets. When asked about the U.S. government’s role in safeguarding Bitcoin assets, a Coinbase representative declined to comment, referring only to a recent social media post by Coinbase CEO Brian Armstrong, who noted that Coinbase cooperates with 145 U.S. government agencies and 29 international government agencies. *This is not investment advice. Continue Reading: Bitcoin Strategic Reserve Voices Step by Step in the US! Source from Inside the US Treasury Department Speaks