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US halts Bitcoin sales, aims to improve custody and expand reserves, says ex-White House crypto director

Market News
09 Nov 2026, 20:40 WIB
Tokenpost
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Neutral
US halts Bitcoin sales, aims to improve custody and expand reserves, says ex-White House crypto director

Patrick Witt, former executive director of the White House crypto council, revealed that the US government has stopped selling Bitcoin and is working to improve how it stores digital assets. Witt criticized past sales as unsophisticated and potentially value-losing but found no proof of intent to depress prices. Efforts are ongoing to enhance custody practices and consider new Bitcoin acquisitions amid political challenges and varied agency responses. Stablecoin legislation also indirectly benefits Bitcoin by reducing sector risks and supporting trading.

US Bitcoin reserve custody improvements and halted government sales provide context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Nov 10, 2026 01:41 WIB: out of 50 major cryptocurrencies, 30 rose and 19 fell today. Notable movers include CRV at Rp4.803 with a 1-day change of +2.56% and a Pluang order activity of 44% Sell / 56% Buy, SAND at Rp774 with +2.46% and 20% Sell / 80% Buy, and VET at Rp96 with +2.46% and 60% Sell / 40% Buy.

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