#strategic-bitcoin-reserve

#strategic-bitcoin-reserve

At the World Economic Forum in Davos, Bessent told journalist Christine Lee that the initiative is part of a larger effort to bring digital-asset innovation onto U.S. soil while keeping federal oversight of seized cryptocurrency This sentiment comes from questions about the government's handling of BTC seized from developers linked to Tornado Cash in the Southern District of New York as well as the handling of bitcoin from Samourai Wallet developers.

In a brief statement on X on January 16, Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets and Deputy Director at the Department of War's Office of Strategic Capital, said the Department of Justice (DOJ) has confirmed that the forfeited digital assets "have not been liquidated and will not be liquidated" pursuant to Executive Order 14233. According to Witt, the bitcoin will remain on the U.S. government's balance sheet as part of the Strategic Bitcoin Reserve (SBR).