U.S. Treasury Officially States No Authority to Support Bitcoin

In the latest Senate session, Treasury Secretary Bessent announced a firm stance: the U.S. Department of the Treasury does not have the authority to use public funds to buy or rescue Bitcoin. This statement is an important clarification regarding the limits of U.S. financial institutions’ power in the crypto asset market.

Bessent explained that every dollar derived from taxpayers must be used for clear public interests, not for market intervention in Bitcoin or other cryptocurrencies. This position reflects the government’s commitment to the principle of non-intervention in the digital assets ecosystem, while also emphasizing that economic stability will not be achieved through government support for crypto assets.

The Treasury’s decision not to intervene in the Bitcoin market signals that cryptocurrency regulation in the United States will remain within the framework of conventional policies, without involving federal budget funds. It also indicates that any policies related to Bitcoin must go through a strict legislative process, rather than unilateral decisions by the executive department.

This clarification from the Treasury Secretary is important for building market confidence that the government will not use public financial instruments to support or restrict Bitcoin price fluctuations, but will instead allow the cryptocurrency market to operate according to its natural mechanisms.