14.08.2025 14:48

The United States Treasury Department has announced a significant shift in its cryptocurrency policy, suspending the sale of its substantial bitcoin reserves. This decision, revealed by Treasury Secretary Scott Bessent on August 14th, affects holdings estimated to be worth between $15 billion and $20 billion.

Instead of further liquidating its bitcoin assets, the Treasury intends to maintain its existing reserve, relying solely on cryptocurrency seized during law enforcement operations to replenish it. Furthermore, Secretary Bessent explicitly ruled out any plans for future open market cryptocurrency purchases. This contrasts with previous practices involving the periodic sale of confiscated bitcoin.

This policy change has substantial implications for the cryptocurrency market, particularly given the current climate of heightened investor scrutiny of government actions within the digital asset space. By ceasing the regular auctions of seized bitcoin, the Treasury will effectively reduce the supply of tokens entering the market from official sources.

Finally, Secretary Bessent also indicated an unwillingness to reassess the valuation of the government's gold reserves, suggesting a clear prioritization of the new cryptocurrency strategy. The information was obtained from internet sources and curated by The Defiant.