U.S. SEC Chairman: It remains to be seen whether the U.S. will confiscate the Bitcoin held by Venezuela

According to Cointelegraph, when asked whether the U.S. would seize Bitcoin held by Venezuela, SEC Chairman Paul Atkins did not rule out the possibility.

It has been reported that Venezuela holds Bitcoin worth up to $60 billion (approximately 600,000 coins), but several analysts have stated that they cannot verify this data. Atkins responded that what actions the U.S. would take if given the opportunity to seize these Bitcoins "remains to be seen," adding that he himself was not involved in the related decision-making. Previously, the U.S. military, under President Trump's directive, arrested Venezuelan President Maduro and transferred him to New York, where he faces criminal charges.