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US SEC Chairman Discusses Venezuela Bitcoin: Seizure or Not Still to Be Seen
【Blockchain Rhythm】 Recently, U.S. Securities and Exchange Commission Chairman Paul Atkins discussed an interesting topic in an interview with Fox Business—whether Venezuela truly holds that legendary amount of Bitcoin.
His core message was straightforward: it’s still uncertain. Although there are rumors that Venezuela may hold up to $6 billion worth of Bitcoin (roughly 60,000 BTC), so far, even blockchain analysts haven’t been able to verify this. Atkins clearly stated that the SEC is not involved at this stage, and if any action is to be taken, it would be up to other government agencies to decide.
This statement is quite thought-provoking. On one hand, it indicates that the U.S. government’s ability and attitude towards tracking crypto assets are evolving. On the other hand, it also reflects that even at the official level, there is information asymmetry regarding the verification of large Bitcoin holdings. The exact amount of Bitcoin assets Venezuela has and where they are stored remains a mystery for now. For the entire market, such policy stances can influence market sentiment to some extent.