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Today: March 15, 2025
Today: March 15, 2025

US Treasury chief says plan to be put in place on acquiring crypto

U.S. Treasury Secretary Scott Bessent speaks at an Economic Club of New York event in New York City
March 07, 2025
Reuters - Reuters

WASHINGTON (Reuters) - Plans will be discussed about how to acquire cryptocurrency for a U.S. strategic reserve that will include bitcoin, Treasury Secretary Scott Bessent told CNBC on Friday before industry leaders meet with President Donald Trump at the White House.

Bessent, in an interview, said seized crypto assets would go into the reserve first "then we'll see what the way forward is for more acquisitions for the reserve. And we're starting with Bitcoin, but it's an overall crypto reserve."

(Reporting by Susan Heavey; Editing by Doina Chiacu)

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