Bitcoin News
By Evie Vavasseur
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The US government’s management of its Bitcoin holdings has come under sharp scrutiny after a recent Freedom of Information Act (FOIA) response revealed that the US Marshals…
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The confusion stems from the differing reports on how much Bitcoin the US actually holds. According to the FOIA response, the USMS oversees only the assets that have been…
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This accounting discrepancy has sparked public concern. It created the false impression that the US had sold off the majority of its Bitcoin in a short time span.
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Senator Lummis argues that prematurely disposing of such a significant digital asset could backfire.
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Adding to the strategic considerations, earlier this year former President Donald Trump signed an executive order that mandates Bitcoin acquired through forfeitures be added to a…
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In addition to Bitcoin, the federal government holds a variety of other digital assets. These include 347 million USDT (Tether) stablecoins, 59,951 ETH valued at approximately…
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The journalist who filed the FOIA request, Lola L33tz, emphasized that the figure cited in the USMS report was widely misinterpreted.
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This episode reveals not only a lack of transparency in the federal management of digital assets but also a deeper issue in communication between government agencies and the…
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In summary, the US has not sold off 80% of its Bitcoin as some initially feared. However, the event has ignited a crucial conversation about the country’s crypto strategy.
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