Treasury Discusses Multiple Bitcoin Purchase Paths, Second Round of Audits on Government Agency Holdings

Odaily: Patrick Witt said in an interview that the Treasury has discussed potential paths for purchasing Bitcoin, including revaluing gold reserves, utilizing the Exchange Stabilization Fund, converting other assets, and accepting Bitcoin for taxes and fees. These proposals still require further legal justification. Bitcoin held by U.S. government agencies is undergoing a second round of audits to improve data accuracy, and whether to disclose specific holding quantities has not yet been decided; the Treasury is also establishing a Bitcoin custody system that may combine self-custody with third-party custody. The position of Executive Director of the White House Crypto Council will not be filled by anyone, and related responsibilities will be shared by the White House Office of Legislative Affairs, the White House Counsel's Office, and other departments.