US government’s crypto holdings rise by over $4B since April 1
Summary
Since April 1, the US government has seen its cryptocurrency holdings increase by more than $4 billion, primarily through criminal forfeitures rather than market purchases. Under the Strategic Bitcoin Reserve and US Digital Asset Stockpile, the government now maintains a 'no-sales' policy, holding seized assets instead of auctioning them off. This strategy, combined with recent regulatory clarity designating Bitcoin and Ethereum as 'Digital Commodities,' has reduced market uncertainty. While this shift effectively removes a significant potential supply overhang, analysts note that the policy remains subject to future political changes and evolving regulatory oversight.
(Source:Crypto Briefing)