U.S. Treasury Secretary Reveals Strategic Bitcoin Reserve Plan Progressing at Deliberate Speed

On June 4, U.S. Treasury Secretary Janet Yellen revealed during a Senate Finance Committee hearing that the Treasury is advancing its strategic Bitcoin reserve plan at "deliberate speed." This reserve is driven by a previous executive order from Trump, primarily utilizing Bitcoin obtained through criminal or civil forfeiture as a funding source. Yellen acknowledged that the process is complex but emphasized that best practices will be employed to ensure long-term stability. In April, the White House digital assets advisory team indicated that a significant announcement was forthcoming, but no further progress has been reported to date.