U.S. SEC Chair Responds to Whether Venezuela's Bitcoin Will Be Confiscated On January 13, during an interview on Fox Business, the host asked about reports claiming Venezuela holds approximately $60 billion worth of Bitcoin and whether the U.S. government might confiscate these assets. In response, U.S. SEC Chair Paul Atkins stated that handling such assets is not within his jurisdiction and would fall under other government departments. At the same time, he emphasized that this week marks a critical moment for U.S. crypto regulation, as the Senate will review a bipartisan crypto bill aimed at providing a clearer regulatory framework for the industry and defining the responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC). This legislative progress is seen by many as a key indicator of the direction of U.S. crypto policy this year. Source: Fox Business