U.S. Treasury Confirms That All Seized Bitcoin Will Join the Strategic Bitcoin Reserve
Summary
U.S. Treasury Secretary Scott Bessent announced at the World Economic Forum in Davos that the administration's policy is to halt all sales of seized Bitcoin and instead add these assets to the Strategic Bitcoin Reserve (SBR). This initiative is part of a broader strategy to foster digital asset innovation within the U.S. while maintaining federal oversight. Bessent emphasized that any seized BTC, such as that linked to Tornado Cash developers or Samourai Wallet developers, will be retained after legal proceedings conclude, contrasting with previous years' practice of auctioning seized crypto. The SBR, established by a March 2025 executive order, treats Bitcoin as a long-term strategic asset. This confirmation follows recent reports and speculation regarding the potential sale of 57.55 BTC forfeited by Samourai Wallet developers, which officials have now denied, stating the assets remain part of the SBR under Executive Order 14233.
(Source:Bitcoin Magazine)