Overview
- Paul Atkins said any move to pursue the rumored stash is "still to be seen" and would be handled by other parts of the administration, not the SEC.
- Reports commonly cite estimates of roughly 600,000 BTC worth about $56–$67 billion, yet independent analysts and Arkham say there is no verifiable on-chain link to the Venezuelan state.
- Publicly attributed Venezuelan government wallets total about 240 BTC worth roughly $22.6 million, far below the widely circulated figure.
- The Senate Banking Committee plans a markup this week on the Digital Asset Market Clarity Act to delineate SEC and CFTC roles after the House passed its version in July.
- Coverage notes renewed scrutiny following recent events involving Nicolás Maduro, and analysts add that any verified trove of the reported size would rank among the largest Bitcoin holdings globally.