Federal agencies are checking their Bitcoin (BTC) records again while the Treasury Department develops a system to hold the asset, Patrick Witt said, leaving public disclosure of totals unresolved.
Witt said the repeat review is meant to give agencies a more dependable accounting of their Bitcoin. The Treasury framework could let the government store BTC itself, use outside custodians or combine the two approaches.
Witt also referred to previously discussed routes for adding to government holdings, including accepting BTC for tax or fee payments, converting other assets, revaluing gold reserves and using the Exchange Stabilization Fund. He said each route requires legal analysis.
