Can the Government 'Bail Out' Bitcoin? Congressman Prompts Bizarre Exchange With Treasury Secretary

Treasury Secretary Scott Bessent said the government cannot force banks to buy Bitcoin, during testimony on Capitol Hill.
He defended the policy of holding seized Bitcoin, but didn’t say whether taxpayer money could ever be used to buy crypto.
Bessent later got into a shouting match with Rep. Gregory Meeks (D-NY) over the Trump family’s crypto business.

U.S. Treasury Secretary Scott Bessent entered a convoluted tussle on Capitol Hill Wednesday about the nature of Bitcoin, after fielding a…

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