News Explorer — Treasury Secretary Gets Into Shouting Match Over Trump's Crypto Biz Following Bitcoin 'Bailout' Question

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Feb 4, 6:34 pm

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Treasury Secretary Gets Into Shouting Match Over Trump's Crypto Biz Following Bitcoin 'Bailout' Question

U.S. Treasury Secretary Scott Bessent engaged in a complex discussion on Capitol Hill regarding Bitcoin's potential role in a financial crisis. When asked about the Treasury Department's authority to bail out Bitcoin, Bessent sought clarification. He also addressed inquiries about U.S. banks buying Bitcoin and the use of taxpayer dollars to invest in crypto assets.

U.S. Treasury Secretary Scott Bessent engaged in a complex discussion on Capitol Hill regarding Bitcoin's potential role in a financial crisis. When asked about the Treasury Department's authority to bail out Bitcoin, Bessent sought clarification. He also addressed inquiries about U.S. banks buying Bitcoin and the use of taxpayer dollars to invest in crypto assets.

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