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U.S. Treasury Secretary reveals that the strategic Bitcoin reserve plan is progressing cautiously
BlockBeats News, June 4 — U.S. Treasury Secretary Janet Yellen revealed today at a Senate Finance Committee hearing that the Treasury is advancing its strategic Bitcoin reserve plan with "deliberate speed." The reserve was initiated by an executive order from former President Trump and primarily uses Bitcoin obtained through criminal or civil forfeitures as funding sources. Yellen acknowledged that the process is complex but will adopt best practices to ensure long-term stability.
Earlier in April, the White House Digital Asset Advisory Team stated that there would be further significant announcements soon, but no additional progress has been made so far.