The U.S. Treasury Department discusses Bitcoin reserve management with crypto custody firms.

According to Decrypt, this week the U.S. Treasury Department met with executives from three cryptocurrency custody firms to discuss the custody arrangements for the national Bitcoin reserves. Anchorage Digital CEO Nathan McCauley revealed that officials inquired about the custody methods for the Bitcoin reserves and the implications for stablecoins and market structure. Congressional sources indicated that the Treasury is still evaluating and has not yet formed a clear position, with initial considerations for third-party custody, while the long-term goal is for the government to manage it independently. Furthermore, since the digital assets held by the government involve multiple blockchain networks, some assets may be kept under third-party custody for an extended period.