🇺🇸🚫 U.S. Treasury Draws the Line: No Bitcoin Bailouts, No Taxpayer Money 💰₿
Big news out of Washington 👀👇
During testimony before the House Financial Services Committee, U.S. Treasury Secretary Scott Bessent made it crystal clear:
👉 The U.S. government cannot and will not use taxpayer funds to “bail out” Bitcoin ❌🏦
🏛️ What Happened?
While presenting the Financial Stability Oversight Council’s annual report, Rep. Brad Sherman pressed Bessent with a pointed question — could the U.S. ever step in to save Bitcoin the way banks were rescued during the 2008 financial crisis? 😬📉
Sherman even suggested scenarios like:
Directing banks to buy BTC 🏦➡️₿
Adjusting banking rules to support crypto holdings 📜
Bessent shut it down immediately 🚫👇
“I am Secretary of the Treasury. I do not have the authority to do that.”
He emphasized that neither the Treasury nor federal regulators can:
❌ Force banks to hold Bitcoin
❌ Allocate public funds into crypto
❌ Engineer a government-backed BTC rescue
₿ So Why Does the U.S. Hold Bitcoin?
Good question 🤔
Bessent clarified that all U.S. Bitcoin holdings come from law enforcement seizures, not investments.
🟢 “We are retaining seized bitcoin.”
🟢 “That is an asset of the U.S.”
And here’s the kicker 💥👇
👉 About $500 million worth of seized BTC has grown to over $15 BILLION 📈🔥
That’s one serious example of Bitcoin’s long-term upside.
🛑 No More Selling $BTC
Bessent also reaffirmed the government’s updated stance:
🏛️ The U.S. will stop selling seized Bitcoin
🪙 $BTC will be added to the Strategic Bitcoin Reserve
📜 This is mandated under Executive Order 14233
Any sale of forfeited BTC would directly violate that order ⚖️❌.
🌍 Bigger Picture
Speaking previously at Davos, Bessent framed the Strategic Bitcoin Reserve as part of a broader effort to:
🇺🇸 Bring digital-asset innovation back to the U.S.
🚀 Maintain competitiveness without risking taxpayer money
Even amid ongoing legal cases tied to Tornado Cash and Samourai Wallet, the message remains firm:
👉 Seized Bitcoin stays on the balance sheet 🧾₿
📌 Bottom Line
🚫 No Bitcoin bailouts
🚫 No taxpayer-funded rescues
✅ Seized BTC = U.S. government asset
📈 Long-term appreciation acknowledged
Bitcoin doesn’t need a bailout — and the U.S. Treasury won’t provide one 😎₿🔥
#Bitcoin #BTC #USPolitics 🇺🇸 #CryptoNews #StrategicBitcoinReserve
