U.S. Treasury Explores Bitcoin Reserve Custody with Anchorage Digital Experts

According to COINOTAG News on March 14th, the U.S. Treasury Department convened with leaders from three notable cryptocurrency custody firms, including Anchorage Digital, to deliberate on strategies for securing the nation’s strategic Bitcoin reserves. During the discussions, Anchorage CEO Nathan McCauley shared that treasury officials posed extensive questions regarding optimal practices for digital asset custody and its implications for both stablecoins and the overall market structure. Sources within Congress revealed that the Treasury is in an exploratory stage, gathering insights from industry specialists, yet has yet to finalize its stance. Currently, there seems to be a preference for maintaining government Bitcoin assets with external custodians, as the government considers transitioning towards self-custody in the long run. However, a continued dependence on third-party custody may persist for various government-controlled seized digital assets. The Treasury Department has not issued any public statements regarding these discussions.