Bessent Backtracks on Bitcoin: Treasury Committed to 'Budget-Neutral' BTC Buys
U.S. Treasury Secretary Scott Bessent, who initially stated that the federal government would not purchase additional Bitcoin for its strategic reserve, has had a change of heart. He announced that the U.S. might buy Bitcoin after all as part of an effort to build the Strategic Bitcoin Reserve established by President Trump. During a recent appearance on Fox Business, Bessent clarified that the Treasury is committed to exploring ways to acquire Bitcoin in a budget-neutral manner, reaffirming the U.S. goal to become a leading player in the global Bitcoin landscape. Following earlier comments that dampened the enthusiasm of Bitcoin supporters, Bessent's revised stance indicates a renewed willingness to consider Bitcoin purchases as part of the U.S. government's broader strategy while addressing the need for funding and feasibility in the acquisition process.
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