[Wu Blockchain News] Highlight Clip: Patrick Witt: The U.S. Government Once Kept Cold Wallets in Drawers, and Its Security Practices Were Unbelievable

He said the Treasury is building a custody framework as a prerequisite for deciding whether to buy more bitcoin or convert other seized assets into bitcoin. The government is running a second inventory to verify and track its holdings over time and has not yet decided whether to disclose how much bitcoin it holds. The remarks matter because the size and security of U.S. government bitcoin holdings are a potential supply-side factor for the market, and a formal custody framework could clear the way for purchases or conversions. Watch for the results of the second inventory and any Treasury decision on disclosure and custody standards.