SEC Chair: Uncertainty remains on US seizing reported Bitcoin from Venezuela

In a recent interview, SEC Chair Paul Atkins stated it remains uncertain whether the US will act to seize Venezuela’s estimated 60 billion USD in Bitcoin following the capture of President Nicolás Maduro by US forces.

Blockchain analysts have not confirmed Venezuela’s claims of holding 600,000 BTC valued at 90,970 USD each, raising questions about the country’s actual cryptocurrency involvement, including its earlier oil-backed digital currency.