**US Treasury Head Seeks Supremacy in Worldwide Digital Currency Space**
Treasury Head Scott Besent is urging the United States to assume command in the realm of virtual currency.
Besent highlighted the significance of arranging our affairs domestically before exerting influence on a global scale. He intends to ensure we possess robust rules and optimal methods established within our borders initially.
His remarks arise subsequent to an executive directive being endorsed to establish a US strategic Bitcoin stockpile. Nevertheless, it transpires this stockpile solely comprises confiscated Bitcoin the administration previously possessed, precipitating a slight decline in Bitcoin’s valuation.
Besent’s instantaneous emphasis appears to be ceasing the disposal of Bitcoin. He affirmed that prior to commencing accumulation, we must initially halt trading. Toncoin (TON) Value Forecast for March 26th
At present, the US possesses nearly $17 billion in confiscated Bitcoin. The administration has additionally forfeited almost an equivalent sum by trading Bitcoin prematurely.
According to Galaxy’s Research Director, Alex Thor, approximately 88,000 Bitcoin (43% of existing assets) are accessible to be reinstated into the stockpile. The 112,000 Bitcoin pertaining to the Bitfinex intrusion are not anticipated to be incorporated.
Besent elucidated in a CNBC dialogue that all seized resources will be allocated to the stockpile subsequent to victims being reimbursed. Subsequent to that, the US will investigate avenues to procure supplementary Bitcoin.
