The U.S. Treasury Department convened meetings with executives from three crypto custody firms, including Anchorage Digital, to discuss safeguarding the national Strategic Bitcoin Reserve. These discussions aimed to address best practices for managing billions of dollars in digital assets. Anchorage’s CEO, Nathan McCauley, highlighted that Treasury officials were thorough in their inquiries about custody practices and their implications for stablecoins and market structure. Sources indicated that while the government is still formulating a custody strategy, there favor a model involving third-party assistance for managing the reserve initially, with a long-term goal of self-custody. The Treasury's strategic reserve is expected to include various seized crypto assets across different blockchains. In related developments, Senator Cynthia Lummis introduced a bill authorizing the U.S. government to purchase an additional one million Bitcoin, underscoring the increasing governmental focus on Bitcoin as a reserve asset.

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