The US Treasury will safeguard what it already holds but will not act as a buyer of last resort for Bitcoin markets The US Treasury Department has clarified its role in the government’s Bitcoin strategic reserve during a recent congressional hearing. Treasury Secretary Scott Bessent told lawmakers that the federal government will keep Bitcoin obtained
The purchase of GTreasury is meant to allow Ripple to become a financial service provider Ripple is expanding its footprint in traditional finance with the acquisition of treasury management firm GTreasury in a deal valued at $1 billion. The move signals Ripple’s intent to grow beyond crypto payments and become a broader financial services provider.
The money raise would mark one of the largest capital injections into a crypto treasury initiative World Liberty Financial (WLFI), a decentralized finance venture with backing from the Trump family, is seeking roughly $1.5 billion from investors to establish a publicly traded treasury company that would hold its native WLFI tokens, according to Bloomberg. Talks
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