Odaily Planet Daily News: U.S. SEC Chair Paul Atkins stated in an interview with Fox Business that it remains to be seen whether the U.S. authorities would seize Venezuela's purported Bitcoin holdings if the country's president were arrested. Regarding reports that Venezuela holds $60 billion worth of Bitcoin (approximately 600,000 BTC), Paul Atkins said he does not participate in such decisions, which would be handled by other government departments. Currently, multiple blockchain analytics firms have not yet verified the claim that Venezuela holds $60 billion in cryptocurrencies. 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 more regulatory authority over digital assets, but its passage may be delayed due to the 2026 mid-term elections and other factors.
SEC Chair Says Venezuela's Bitcoin Seizure by U.S. Authorities Remains Uncertain
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Summary
SEC Chair Paul Atkins told Fox Business that it is unclear whether U.S. authorities will seize Venezuela's alleged 600,000 BTC amid concerns about the country's financial stability. He emphasized that the SEC does not handle such actions. Blockchain firms have not verified the existence of the stash. The Senate Banking Committee will consider the CLARITY Act on Thursday, which could impact the approval of a bitcoin ETF. Delays are possible due to the 2026 midterm elections.
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