U.S. Treasury Engages Crypto Custodians on National Bitcoin Reserve Management

According to BlockBeats, the U.S. Treasury recently held discussions with executives from three cryptocurrency custody firms to explore strategies for managing the national strategic Bitcoin reserve. Anchorage Digital was among the firms involved in these meetings. Anchorage CEO Nathan McCauley noted that Treasury officials inquired extensively about best practices for Bitcoin reserves and digital asset custody, as well as the impact of custody on stablecoins and market structure. Congressional sources indicate that the Treasury is currently in the research phase and has not yet established a definitive stance. However, it is actively seeking input from industry experts. The current inclination is to have third-party institutions manage the government's Bitcoin reserves, with a long-term goal of achieving self-custody. For various seized digital assets under government control, reliance on third-party custody may continue for an extended period. The U.S. Treasury has not commented on these developments.