🇺🇸🏦 U.S. Treasury Secretary Scott Bessent stated during a congressional hearing that the U.S. will keep #Bitcoin obtained through asset seizures but will not instruct private banks to buy #BTC during market downturns or “bail out Bitcoin.” He emphasized that neither he nor the Financial Stability Oversight Council has the authority to do so, noting that the value of seized #BTC held by the government has increased from approximately $500 million to over $15 billion. #Crypto $BTC
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🇺🇸🏦 U.S. Treasury Secretary Scott Bessent stated during a congressional hearing that the U.S. will keep #Bitcoin obtained through asset seizures but will not instruct private banks to buy #BTC during market downturns or “bail out Bitcoin.” He emphasized that neither he nor the Financial Stability Oversight Council has the authority to do so, noting that the value of seized #BTC held by the government has increased from approximately $500 million to over $15 billion. #Crypto $BTC