U.S. Treasury Secretary Bessent stated that there will be no "bailout" for Bitcoin, and the $500 million in Bitcoin seized by the government has appreciated to $15 billion
Feb 05, 2026 08:55:12
U.S. Treasury Secretary Scott Bessent testified before Congress that the U.S. government will not "rescue" the asset by requiring private banks to purchase more Bitcoin during market downturns. He emphasized that neither the Treasury nor the Financial Stability Oversight Council (FSOC) has the authority to do so.
Bessent also revealed that the $500 million in Bitcoin obtained by the U.S. government through asset forfeiture has appreciated to over $15 billion. According to an executive order signed by Trump in 2025, the U.S. can only increase its strategic reserves through asset forfeiture or budget-neutral strategies (such as converting oil or precious metals into Bitcoin), and not through open market purchases.
Although this move has been criticized by some in the Bitcoin community as insufficient, Bitcoin advocates believe that U.S. government purchases could encourage other countries to establish their own strategic reserves, thereby impacting Bitcoin prices and market demand.
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