U.S. Treasury Secretary Scott Bessent told Congress the government has no power to bail out Bitcoin or force private banks to buy it. In response to questioning by crypto critic Rep. Brad Sherman, Bessent stressed that interventions in Bitcoin markets are not part of the Treasury’s authority. He also confirmed that the U.S. will retain its seized Bitcoin, which has grown from $500 million to over $15 billion, as part of a strategic reserve policy focused on holding rather than selling these assets.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
A new crypto-linked political controversy has erupted in Washington after a reported $500 million investment…
On February 4, U.S. spot Bitcoin ETFs recorded total net outflows of $545 million, with…
Grant Cardone confirmed that his firm, Cardone Capital, has bought more Bitcoin at around $72,000…
BitMine Immersion Technologies, led by Tom Lee, is reporting over $7.4 billion in unrealized losses…
XRP price saw a sharp downside pressure during the latest session, dropping close to 10%…
Over the past three days, Vitalik Buterin sold roughly 2,961.5 ETH, worth about $6.6 million,…
