Patrick Witt, Executive Director of the White House President’s Council of Advisors for Digital Assets, announced that the council is investigating ongoing Bitcoin liquidations by the U.S. government. Wyoming Senator Cynthia Lummis expressed her strong concern about the government selling Bitcoin, emphasizing that the U.S. cannot afford to waste these strategic assets while other nations increase their BTC holdings. The discussions highlight a growing debate over the U.S. government's management of its cryptocurrency reserves.
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White House Council Reviews US Government Bitcoin Sales Amid Concern from Senator Lummis
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