U.S. Department of the Treasury: Discussing various paths for Bitcoin purchases, government agency holdings will undergo a second round of verification

Patrick Witt stated in an interview that the Treasury Department has discussed potential paths for purchasing Bitcoin, including re-evaluating gold reserves, utilizing the Foreign Exchange Stabilization Fund, converting other assets, and collecting taxes and fees in Bitcoin. These proposals still require further legal validation.

Bitcoin held by U.S. government agencies is undergoing a second round of verification to improve data accuracy, and it has not yet been decided whether to disclose specific holdings; the Treasury is also establishing a Bitcoin custody system that may combine self-custody and third-party custody. The position of Executive Director of the White House Crypto Council will not be filled, and related responsibilities will be shared among the White House Office of Legislative Affairs, the White House Counsel's Office, and other departments.