The U.S. Treasury is reportedly developing a new framework for safeguarding Bitcoin held by federal agencies, according to Patrick Witt. The initiative would replace informal practices, including keeping offline wallets in desk drawers and using external custodians inconsistently. It covers assets seized through law enforcement as well as Bitcoin designated for the Strategic Bitcoin Reserve. Announcements concerning government holdings, partnerships with third-party custodians, or Federal Reserve actions could influence market expectations and Bitcoin’s valuation.
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