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Bitget CEO Gracy Chen said the U.S. government is unlikely to buy Bitcoin for a strategic reserve, according to Crypto Briefing.
Chen said an executive order signed in March last year limits the reserve to Bitcoin seized through criminal and civil forfeiture, with no other funds committed and no market purchases to be made. U.S. Treasury Secretary Scott Bessent has also expressed support for the strategy, but no specific purchase plan has been announced. For now, the initiative is seen as largely symbolic.