# FSOC Articoli collegati

Is ‘bailing out Bitcoin’ possible? U.S. Treasury Secretary says…

U.S. Treasury Secretary Scott Bessent, testifying before the House Financial Services Committee, firmly stated he lacks the authority to instruct banks to buy Bitcoin or use taxpayer money to bail out the crypto market. He defended the government's strategy of retaining seized Bitcoin as a national security asset, not a financial burden, highlighting that an initial $500 million in seized Bitcoin is now worth over $15 billion. The hearing revealed a sharp partisan divide: Republicans support lighter regulations to foster innovation, while Democrats warn of market risks and accuse the administration of favoring Wall Street.

ambcrypto02/05 11:21