US Treasury plans Bitcoin custody framework as cold wallet security draws scrutiny

The framework would blend self-custody and third-party options for the government's forfeited Bitcoin as agencies work to sharpen their holdings reports The US Treasury is building a custody framework for the Bitcoin the federal government holds. The plan would combine self-custody with third-party custodians, rather than betting everything on one approach. That sounds like back-office plumbing. It is. But when the asset in question is somewhere between approximately 198,000 BTC and more than 328,000 BTC, the plumbing matters a great deal. The custody effort is tied to a broader push to make federal agencies’ reporting on their Bitcoin holdings more accurate. In other words, Washington wants to know exactly what it owns and exactly where it sits. The framework is designed to support two models at once.

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