The US Treasury Department Meets with Three Crypto Companies to Discuss Bitcoin Reserve Custody Solution

2025.03.14 02:00:21

On March 14th, as per Decrypt's report, insiders disclosed that the U.S. Treasury Department held meetings with executives from three cryptocurrency custody companies this week to discuss ways to safeguard the nation's strategic Bitcoin reserve. Anchorage Digital is one of the institutions participating in the meeting. Nathan McCauley, the CEO of Anchorage, stated that Treasury Department officials made in-depth inquiries about best practices for the national Bitcoin reserve and digital asset custody and discussed how custody impacts stablecoins and market structure. Congressional sources indicated that the Treasury Department is currently in a research stage and has not yet formulated a clear position but is actively seeking input from industry experts. There is currently a preference for government Bitcoin reserves to be held by third-party institutions, with the long-term goal being for the government to eventually achieve self-custody. Regarding various types of seized digital assets controlled by the government, long-term reliance on third-party custody may still be necessary. The U.S. Treasury Department has not made any comments on this.

Add to Favorites Download image Share x Copy link

Relevant content

"The DAO" Market Cap Surpasses $6 Million, Up Another 150% in the Past 6 Hours

January 10th — Per market data from GMGN (via this link), the Chinese meme coin "Laozi" briefly topped a $6 million market cap to hit a new all-time high, and is now trading at $6.23 million. The latest rally of the Chinese meme coin traces to a tweet from Binance CEO He Yi posted 10 hours prior. BlockBeats Note: Meme coins are highly volatile, driven primarily by market sentiment and hype, with no practical value or use cases. Investors should exercise caution amid these risks.

27 minutes ago

Zama: Public Sale Registration Open

On January 10, privacy-focused computing project Zama Protocol announced it has opened registration for its Zama public sale to investors.

27 minutes ago

Tim Beiko: to Serve as Ethereum Protocol Specialist, Shifting from Core Development to Frontiers of Application Exploration

On January 10, Ethereum core developer Tim Beiko announced he will shift his focus from layer 1 development to exploring Ethereum’s cutting-edge use cases in the coming months. Top short-term priorities include ensuring a smooth transition for AllCoreDevs and wrapping up his current responsibilities at the Ethereum Foundation. He will remain with the Foundation as a protocol advisor, collaborating with Foundation and ecosystem leaders to build a robust organizational structure that supports participation across various ecosystems. Beiko emphasized the Ethereum protocol is nearing its final stage—but we’re just starting to unlock the potential of a permissionless, scalable, economically secure, low-cost verifiable world computer.

27 minutes ago

Binance Alpha will list CharacterX (CAI) on January 12th.

Per official sources on January 10, Binance Alpha will list CharacterX (CAI) on January 12. Once trading goes live, eligible users can claim the airdrop using Binance Alpha Points via the Alpha event page.

27 minutes ago

A whale has once again spent 1 million U to increase their HYPE holdings, with a total position of over 480,000 HYPE coins.

Onchain Lens monitoring data shows that on January 10, a whale deposited 1 million USDC into HyperLiquid to boost its HYPE position. Since December 17, 2025, the whale has deposited a total of 12.06 million USDC into HyperLiquid and accumulated 480,997 HYPE tokens at an average price of $25.07.