United States officials will not purchase cryptocurrencies, instead utilizing confiscated assets, according to confirmed reports
06 Jul 2025, 09:12
United States officials will not purchase cryptocurrencies, instead utilizing confiscated assets, according to confirmed reports. The government has no plans to sell Bitcoin nor revalue gold to back Bitcoin reserves, reaffirming gold's role as a U.S. reserve asset. Previously, Trump-appointed Digital Assets Executive Bo Hines indicated that the U.S. was contemplating selling gold to fund Bitcoin acquisitions for strategic reserves. Industry advocates such as Michael Saylor and Senator Cynthia Lummis support the gold-to-Bitcoin allocation strategy.