SEC Chair: ‘Remains to be seen‘ Whether US will Seize Venezuela‘s Bitcoin

SEC Chair Paul Atkins indicated in an interview that it "remains to be seen" whether the US government would take action to seize Venezuela's reportedly vast Bitcoin holdings, estimated by some sources to be worth up to $60 billion, following the capture of President Nicolás Maduro. Atkins clarified that decisions regarding such seizures would be handled by other parts of the administration, not the SEC. These reports surfaced after US forces detained Maduro and brought him to the US to face criminal charges. While analysts have not confirmed the $60 billion figure, the Maduro regime previously engaged with the crypto industry, notably by launching an oil-backed digital currency in 2018. The discussion occurred shortly before the US Senate Banking Committee was scheduled to review the Digital Asset Market Clarity Act (CLARITY).

(Source：Cointelegraph)