Treasury Secretary Scott Bessent clarified during a Congressional hearing that the U.S. government has no plans to bail out Bitcoin. According to NS3.AI, Bessent emphasized that while the government holds a strategic Bitcoin reserve, initially seized as $1 billion and now valued at over $15 billion, it will not directly intervene in the market. This statement underscores the government's recognition of Bitcoin as a significant asset while maintaining a hands-off approach to market fluctuations.
