Treasury Secretary Gives Firm Answer on ‘Bitcoin Bailout’ Amid Crypto Crash

Treasury secretary Scott Bessent said he doesn’t have the power to bail out Bitcoin.

Treasury Secretary Scott Bessent Says US Has No Authority To 'Bail Out' Bitcoin

Treasury Secretary Scott Bessent pushed back against speculation around a Strategic Bitcoin reserve, making clear that the federal government has no legal authority to support or "bail out" Bitcoin ...

Bitcoin sinks after Treasury Secretary Bessent says US government can't tell banks to bail out crypto

Bitcoin (BTC-USD) tumbled below $71,000 per token on Thursday after Treasury Secretary Scott Bessent suggested the US government would not bail out the cryptocurrency. In a heated back-and-forth ...

Treasury Secretary Bessent: I don't have authority to buy bitcoin with tax dollars

Treasury Secretary Scott Bessent testifies before the House Financial Services Committee on Wednesday.
Forbes

‘The Biggest Merger In History’—U.S. Treasury Secretary Reveals Price Game-Changer As Wall Street Leans Into Bitcoin And Crypto

Forbes contributors publish independent expert analyses and insights. I write about how bitcoin, crypto and blockchain can change the world. Bitcoin and crypto prices have struggled this year despite ...