SBRUSD
SBR / United States dollar
crypto Composite

I think it was a controlled knowing misdirection, that adhered to the letter of the law at the time.
Bessent was speaking before Trump has signed the Lummis SBR bill. Nevermind that the bill passed the Senate and House and was sitting on Trump's desk waiting for his signature... it's not law until he signs it and he could still change his mind. At the time of the statement he had no mandate or funding to buy BTC.
The second the bill is signed, that changes.

Important to note that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile are two distinctly different things.
Im pretty sure that the policy is that there will be no purchases of cryptocurrencies for to the USDAS, only confiscations. Then there will be budget neutral acquisition of BTC for the SBR.

I think it was a controlled knowing misdirection, that adhered to the letter of the law at the time.
Bessent was speaking before Trump has signed the Lummis SBR bill. Nevermind that the bill passed the Senate and House and was sitting on Trump's desk waiting for his signature... it's not law until he signs it and he could still change his mind. At the time of the statement he had no mandate or funding to buy BTC.
The second the bill is signed, that changes.

Important to note that the Strategic Bitcoin Reserve and the US Digital Asset Stockpile are two distinctly different things.
Im pretty sure that the policy is that there will be no purchases of cryptocurrencies for to the USDAS, only confiscations. Then there will be budget neutral acquisition of BTC for the SBR.