Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Fox reporter: The White House intends to further clarify the "Strategic Cryptocurrency Reserve" plan, which may clarify the source of funds
2025-03-06 23:04:50

Odaily News According to Fox Business reporter Charles Gasparino, sources revealed that the White House is preparing to make further clarifications on its so-called "strategic cryptocurrency reserve" plan, which is expected to be released later today or tomorrow. Gasparino speculated that the clarification may focus on the funding mechanism, that is, the potential obstacles to using taxpayer funds to purchase digital currencies (this move may require congressional approval, which is almost impossible to achieve). He pointed out that possible solutions include: 1. Using confiscated cryptocurrencies for reserves (200,000 bitcoins have been allegedly seized from criminals); 2. Adopting a sovereign wealth fund model to fund the purchase of cryptocurrencies (former U.S. Commodity Futures Trading Commission Chairman Chris Giancarlo once proposed this idea). Gasparino emphasized that the incident is still developing and may change.