SEC Chairman: Whether the US will confiscate Venezuelan-held Bitcoin remains to be seen.

In an interview with Fox Business, U.S. SEC Chairman Paul Atkins stated that it remains to be seen whether U.S. authorities will confiscate the alleged Bitcoin held by Venezuela following the arrest of the Venezuelan president. Regarding reports that Venezuela holds $60 billion worth of Bitcoin (approximately 600,000 BTC), Atkins stated that Venezuela is not involved in such decisions and that they will be handled by other government departments. Several blockchain analytics firms have not yet confirmed the claim that the country holds $60 billion worth of cryptocurrency. Furthermore, the U.S. Senate Banking Committee plans to consider the Digital Asset Market Transparency Act (CLARITY) this Thursday. This bill aims to grant the Commodity Futures Trading Commission more regulatory power over digital assets, but may be delayed due to factors such as the 2026 midterm elections.