TL;DR: The US government’s much-ballyhooed Strategic Bitcoin Reserve is in disarray. A recent FOIA leak shows roughly 170,000 BTC are unaccounted for, key Treasury reports never arrived, and federal agencies are scrambling to figure out what’s actually happening behind the scenes.
This confusion throws cold water on the slim prospects for the upcoming BITCOIN Act, rattles market sentiment, and leaves investors wondering if this is the biggest policy flop yet—or secretly the perfect time to load up on cheap coins.
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