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🇺🇸 The United States does not plan to bail out Bitcoin.
U.S. Treasury Secretary Scott Bessent announced that the government will hold confiscated BTC but does not intend to buy them back or force banks to invest in Bitcoin during a declining market.
The strategic BTC reserve, established by Donald Trump's executive order, only allows for confiscation and budget-neutral schemes such as exchanging oil, gold, and other assets for BTC.
This statement was made in response to a question from Congressman Brad Sherman, who, as a long-time critic of cryptocurrencies, asked whether the Treasury could "save Bitcoin" or compel banks to acquire BTC, including possible actions from Trump.