U.S. Treasury Secretary States: No Bitcoin Purchases Planned

In a recent interview, Treasury Secretary Bessent announced that the United States government has no intentions of purchasing Bitcoin or any other cryptocurrencies as part of its reserves. The Secretary clarified that the current administration’s focus is on exploring cryptocurrency regulation and the potential introduction of a Central Bank Digital Currency (CBDC). She added that the inherent risks and volatility within the cryptocurrency market render it unsuitable for government reserves at this time. Bessent emphasized the importance of investor protection and ensuring the stability of the financial system as cryptocurrency technology evolves. She also discussed the necessity of international cooperation to effectively regulate these digital assets.