TechFlow reported on March 7, according to Bitcoin Magazine journalist Frank Corva, that senior White House officials revealed during a call regarding the U.S. Strategic Bitcoin Reserve (SBR) and the U.S. Digital Asset Reserve that American taxpayers have lost over $17 billion due to years of selling bitcoin. Officials stated that bitcoin deposited into the Strategic Bitcoin Reserve will not be sold, while assets in the Digital Asset Reserve may be sold by the Treasury Department.
Officials emphasized that "Bitcoin is special—it's the first cryptocurrency, the most secure, has the largest market cap, and a hard cap of 21 million coins." They also confirmed that rumors about eliminating capital gains taxes on cryptocurrency are false, and this topic will not be discussed at today's summit.
The call also revealed that the U.S. government is working to end "Operation Chokepoint 2.0," and the purpose of today's summit is to gather feedback from the crypto industry. Officials described the Strategic Bitcoin Reserve as a "digital Fort Knox" and said the Treasury Department is responsible for managing assets in the Digital Asset Reserve.
