The United States is reaffirming its ambition to become a global leader in digital assets, as Treasury Secretary Scott Bessent emphasized the administration’s commitment to clear crypto regulation, innovation-driven policy, and a strategic bitcoin reserve during the World Economic Forum in Davos.
Speaking at a press conference, Bessent stated that the government’s objective is to create the most competitive regulatory environment for digital assets, one that encourages creativity while maintaining oversight. The remarks signal continued support for President Donald Trump’s executive order directing the U.S. government to treat bitcoin as a long-term strategic asset rather than a liquidated holding.
Davos on Tuesday when asked by journalist Christine Lee for an update on theU.S.’s bitcoin strategic reserve;
Under the policy framework, bitcoin held by the federal government is no longer to be sold. Instead, assets obtained through criminal or civil forfeiture will form the foundation of the reserve. The administration is also exploring budget-neutral methods to expand these holdings without burdening taxpayers, reinforcing bitcoin’s role as a strategic store of value.
Bessent avoided commenting on questions surrounding previously forfeited bitcoin linked to criminal cases, but senior officials have reiterated that no bitcoin has been liquidated in violation of the executive order. The priority, according to the Treasury, has been to halt sales first, then gradually add assets to the reserve once legal processes are completed.
Beyond the reserve itself, the administration is pushing to bring digital asset innovation onshore. Work is ongoing in Washington to establish comprehensive crypto market legislation, though recent disagreements over stablecoin rewards have slowed progress in Congress.
Overall, the message from U.S. officials remains consistent: stop selling seized bitcoin, build a national reserve, and position the United States at the center of global crypto innovation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.