US Treasury Secretary Scott Payette explained that his ministry is still exploring neutral budget methods to buy Bitcoin for strategic strategiccta-in contrast to his recent comments indicating that the plan was outside the table, which led to the sale of Bitcoin.
“The Treasury is committed to exploring neutral budget tracks to gain more bitcoin to expand the reserve, and implement the president’s promise to make the United States” the great Bitcoin power in the world, “Besent explained one day on Thursday.
He repeated that Bitcoin (BTC), which was lost to the federal government, would form the reserve institution.
There were already concerns that the US slow pace of the strategic Bitcoin reserves may leave it open to be presented by other national countries. Some fear that the Treasury may not follow the strategy.
About seven hours before Thursday, Bessent’s comments on Fox Business were widely interpreted as it means that the cabinet does not look forward to buying Bitcoin.
“We have also started reaching the twenty -first century, which is the Bitcoin Reserve. We will not buy it, but we will use the confiscated assets and continue to build it,” BESSENT told the media, which spent nearly $ 55 billion from Bitcoin roof within 40 minutes of his comments from 121.073 dollars.
Despite the clarification, Bitcoin is traded at $ 118,500 at the time of writing this report.
Bitcoin’s newborn says more new procedures
While Bess’s clarification reassured some Bitcoiners devices, others are still concerned that the US Treasury does not implement its promise:
“Are you still seriously” exploring neutral budget tracks “? At some point, exploration begins without implementation to look like they are avoided.”
“Come on, move!”
The “exploring” cabinet has been a neutral budget for five months so far
Trump signed an executive order on March 6 that creates Bitcoin Strategic Reserve and Digital Asset Stock, both of which will initially use confiscation of encryption in government criminal cases.
The request has opened the door for additional Bitcoin purchases through “neutral budget” strategies that “do not gradually impose costs on taxpayers in the United States.” However, no major developments were shared on how these strategies are implemented in the prolonged encryption report for the digital asset work group last month.
Among the standard strategies of the budget that was floating is the reassessment of gold treasury certificates and customs tariff revenues.
One of the reasons for slow progress may be that the Treasury Ministry requires the approval of Congress to buy bitcoin in a neutral budget manner. The American Senator Cennis Lomes noticed this point, and the Congress called for looking at the proximity of the Bitcoin law in March.
“We will stop selling” bitcoin: Bessent
Although no action is taken on the purchase side, BESSENT confirmed that the United States is not planning to sell current Bitcoin’s possessions:
“We will stop selling,” Fox Business told Fox Business, adding that he believes the strategic bitcoin reserves is currently estimated at “between 15 billion dollars and 20 billion dollars.”
This is closely corresponding to the Bitbo’s Bitcoin, which indicates that the United States owns 198,012 Bitcoin at $ 23.5 billion.
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