U.S. Treasury Secretary Reveals Strategic Bitcoin Reserve Plan Is Advancing at a Cautious Pace

BlockBeats News, June 4th. Today, US Treasury Secretary Yellen revealed during a Senate Banking Committee hearing that the Treasury Department is moving forward with the strategic Bitcoin reserve plan with "deliberate speed." The reserve, propelled by a previous executive order by Trump, will mainly use Bitcoin obtained through criminal or civil forfeitures by the government as a source of funds. Yellen acknowledged that the process is complex but will follow best practices to ensure long-term stability.

Back in April, the White House's digital asset advisory team indicated that there would be a further significant announcement, but as of now, there have been no further developments.