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SEC Chair: It remains to be seen whether the U.S. will seize the Bitcoin held by Venezuela
Svmuu News: U.S. SEC Chairman Paul Atkins said in an interview with Fox Business that it remains to be seen whether U.S. authorities will confiscate the Bitcoin reportedly held by Venezuela following the arrest of the country’s president.Regarding reports that Venezuela holds $60 billion worth of Bitcoin (approximately 600,000 BTC), Paul Atkins stated that he is not involved in such decisions, which will be handled by other government agencies. Currently, several blockchain analysis firms have not confirmed the claim that the country holds $60 billion in cryptocurrency.Additionally, the U.S. Senate Banking Committee plans to review the Digital Asset Market Transparency Act (CLARITY) this Thursday. The bill aims to grant the Commodity Futures Trading Commission (CFTC) greater regulatory authority over digital assets, but its consideration may be delayed due to factors such as the 2026 midterm election campaign.
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