The U.S. Treasury Department met with three crypto companies to discuss Bitcoin reserve custody solutions

Odaily reports that according to Decrypt, sources have revealed that the U.S. Treasury Department met with executives from three cryptocurrency custody companies this week to discuss how to custody the nation's strategic Bitcoin reserves. Anchorage Digital was one of the institutions that participated in the meeting. Anchorage CEO Nathan McCauley stated that Treasury officials inquired in detail about Bitcoin national reserves and best practices for digital asset custody, and discussed how custody could impact stablecoins and market structure. Congressional sources said the Treasury Department is currently in the research phase and has not yet formed a clear position, but is actively seeking input from industry insiders. The current preference is for third-party institutions to custody government Bitcoin reserves, with the long-term goal being for the government to ultimately achieve self-custody. As for the various seized digital assets controlled by the government, they may still need to rely on third-party custody in the long term. The U.S. Treasury Department did not comment on this.