Congress Demand Treasury to Custody all US Acquired Bitcoin
Congress has made the request directing the US Treasury to Highlights the necessary plans of all the acquired Bitcoin including those from the strategic bitcoin reserve to all be in custody, what they are trying to do here is to ensure that all bitcoin both from the strategic reserve and the seizures made should be within their personal custody so that they can always have access to it.
It is a bill introduction and it needs to be passed by the Congress through votes and this progress can fail at the end. I don't care about it, as it does not mean the USA governement will buy more bitcoins and no new buying force will appear from them. There is a limited effect by they will no longer sell those seized bitcoins if the Bill approved in the future, which we are uncertain now.
Coinbase can be their custodian but I hope that people don't immediately choose Coinbase as where they store bitcoins after reading this news. The US. governement can choose Coinbase but as individual investors and even institutional investors, go with self custodial wallets and be your own custodians is best.
Reminder: do not keep your money in online accounts