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The U.S. Department of the Treasury explicitly states: It will not use taxpayers' funds to bail out Bitcoin
Latest reports show that U.S. Treasury Secretary Bessent explicitly stated that the U.S. Department of the Treasury has no legal authority to use taxpayers' funds to rescue Bitcoin or related cryptocurrencies. This statement draws a clear line in the recent discussions about market volatility and the role of the government.
Bessent emphasized that Bitcoin is a spontaneously formed asset class, and its price fluctuations should be borne by market participants themselves, not covered by public funds. This position continues the long-standing fundamental principle of U.S. financial regulation: the government is responsible for maintaining the stability of the financial system but does not endorse the price of individual assets.
This statement is also seen as a realistic reminder to the market. As the scale of crypto assets continues to grow, some investors have speculated whether the government will intervene to stabilize prices during extreme market conditions. The Treasury's response directly denies this expectation, indicating that Bitcoin remains within the realm of "self-risk, self-profit and loss."
From a policy perspective, this stance does not equate to denying the legitimacy of the crypto industry. On the contrary, it emphasizes the boundaries of the system: regulation, compliance, and financial stability can be discussed, but price rescue is not an option. This distinction helps establish a clearer expectation framework for the industry.
Overall, the Treasury's position sends a clear and calm signal to the market. Bitcoin may be increasingly discussed, regulated, and studied, but it will not be classified as a "rescued asset" in the traditional sense. This also means that participants must be fully prepared for volatility. $BTC $BTC