US treasure secretary Bassen affirmed non sales of seized Bitcoins.

[EluguHcman]

Firstly, the rumor about Bitcoin venezuela is just BS. So far we never heard they have so much bitcoin. It's just a false rumor. Apart from that US has declared themselves to be the capital of crypto. So they should not sell any seized bitcoin instead put it all into their treasury.

Yeah it is true that the news of the US and the Venezuela seizure of Bitcoin has not been confirmed to be confiscated yet but the US is said to be holding around 198,000 Bitcoin worth of $17355284100.00 which I believe could affect market price in a Cap of $1.74T.
Think about it, if they have to sell as one body or single portfolio, the value should be able to manipulate volatility.

Donald Trump has not redeemed his campaign promise for the industry and the US is not making the significance to be crypto capital as well. So we can even keep that afar not to argue about.

However, this news gave no impact to the Bitcoin's price as this was an old news that gets recycled.

Sure, such reclining news that always emphasising of the government and their strategy Bitcoin reserve and yet proposals is not getting approved and they are not making any effort of buying even a satoshi of Bitcoin with their own money and add to their reserve.
It is of no doubt that the parading of the US influence in the Bitcoin market is literally pegged on the seized Bitcoins.

[Hazink]

Apart from that, the fact that they don't buy, but only confiscate, is negative in itself, because theoretically they can take from anyone using the law of force, which of course they do.

It's a very great concern that they only plan to acquire bitcoin through seizure and not use taxpayers' money to fund bitcoin purchases. Any wallet they target, they can raise a legal issue to grant them the legal right to claim and seize the asset that belongs to them. They make the law, and they interpret it the way it favor's them.

Since Trump came back to pose, more than 14 billion worth of bitcoins have been seized. The number keeps on increasing. We have not even added the billions in USDT which they have seized from suspected wallets and what they plan to do with those ones.

[Minor Miner]

It's a very great concern that they only plan to acquire bitcoin through seizure and not use taxpayers' money to fund bitcoin purchases. Any wallet they target, they can raise a legal issue to grant them the legal right to claim and seize the asset that belongs to them. They make the law, and they interpret it the way it favor's them.

Since Trump came back to pose, more than 14 billion worth of bitcoins have been seized. The number keeps on increasing. We have not even added the billions in USDT which they have seized from suspected wallets and what they plan to do with those ones.

To put it bluntly, they can not use taxpayers money or government budget to buy bitcoin. Because bitcoin is not yet a priority for them, nor is it on their agenda. The use of seized bitcoin as a temporary strategic reserve is merely an attempt to appease the cryptocurrency community because of Trump's earlier promise

Using only seized bitcoin as a reserve would have many negative consequences. For example other countries are also following suit. They do not want to buy it, and instead are looking for ways to confiscate others, just like the US is doing. The situation could get even worse if more governments enact harsh regulations and try to confiscate people's bitcoin. That's why I do not see anything to celebrate or support this idea for.

[Yaunfitda]

Apart from that, the fact that they don't buy, but only confiscate, is negative in itself, because theoretically they can take from anyone using the law of force, which of course they do.

It's a very great concern that they only plan to acquire bitcoin through seizure and not use taxpayers' money to fund bitcoin purchases. Any wallet they target, they can raise a legal issue to grant them the legal right to claim and seize the asset that belongs to them. They make the law, and they interpret it the way it favor's them.

I think that is what my first impression is, it's that they are going to buy Bitcoin, regardless of where they are going to get the funds itself. But it seems that Trump might have given us false impression then, because now they are holding Bitcoin and added seized items to be in their strategic reserved. It's a bit cunny on his part to do this, but we can't do anything as he is in the power and making bold move just to continue his plan to have more Bitcoins at this disposal as if they are competing for it against countries like China and Great Britain. So now it's not just Gold, but Digital gold in Bitcoin.

[EluguHcman]

Apart from that, the fact that they don't buy, but only confiscate, is negative in itself, because theoretically they can take from anyone using the law of force, which of course they do.

It's a very great concern that they only plan to acquire bitcoin through seizure and not use taxpayers' money to fund bitcoin purchases. Any wallet they target, they can raise a legal issue to grant them the legal right to claim and seize the asset that belongs to them. They make the law, and they interpret it the way it favor's them.

Well... Since they have not been able to acquire any Bitcoin through purchase up til date, we can actually agree with you that it is just their plans to rely acquiring others Bitcoins through confiscation to the acocunt of the government.

Some of us here also believes that president Donald Trump don't care about Bitcoin. Some says it is a game work about how him and his senate bodies is playing about approving the reserve proposal of which is thoughtful otherwise, I am sure Donald Trumps would had called a debate against the counter party.

Since Trump came back to pose, more than 14 billion worth of bitcoins have been seized. The number keeps on increasing. We have not even added the billions in USDT which they have seized from suspected wallets and what they plan to do with those ones.

May we don't have to think about what they would do with the seized because the US Treasury secretary had already made it known that they are not selling the seized Bitcoins but adds it to the treasure reserve.

[Hazink]

Since Trump came back to pose, more than 14 billion worth of bitcoins have been seized. The number keeps on increasing. We have not even added the billions in USDT which they have seized from suspected wallets and what they plan to do with those ones.

May we don't have to think about what they would do with the seized because the US Treasury secretary had already made it known that they are not selling the seized Bitcoins but adds it to the treasure reserve.

The secretary talked about only the seized bitcoin, which was just like clearing the air from what was being speculated online, but I have not read anywhere about the plans they get for seized USDT, or they will just remain frozen in the wallet forever (which I know is not going to work) and part of the ones linked to scammed victims won't also be sent back to the affected.

[colinistheman]

Since Trump came back to pose, more than 14 billion worth of bitcoins have been seized. The number keeps on increasing. We have not even added the billions in USDT which they have seized from suspected wallets and what they plan to do with those ones.

May we don't have to think about what they would do with the seized because the US Treasury secretary had already made it known that they are not selling the seized Bitcoins but adds it to the treasure reserve.

If it were me, I would not be naive and easily believe what politicians say. Because they can say one thing today and say the opposite tomorrow. It is no coincidence that politicians are often considered among the least trustworthy and most dishonest people
If they are serious and truly value bitcoin as they claim. They need to take action, not just make empty statement or promises
Think about it. If they truly value Bitcoin and want it to become an important national reserve like gold or oil. Why havent they proposed the idea of ​​a national bitcoin reserve or brought the issue up for discussion in Congress, so far?

US Congress quickly passed the Genius Act, a bill related to stablecoin, and the Clarity Act is also expected to be passed soon. However, a Bitcoin Reserve Act has never been proposed, let alone discussed.