Important clarification. It shows that the government will not save crypto in a crisis. This brings more responsibility to the market and less illusion of state protection.

On February 4, 2026, U.S. Treasury Secretary Scott Bessent testified before Congress, emphasizing that the Treasury and the Financial Stability Oversight Council (FSOC) do not have the authority to compel banks to purchase Bitcoin or use taxpayer funds to bail out crypto assets. According to NS3.AI, this statement highlights the regulatory boundaries concerning government involvement in the cryptocurrency market during financial stress. The clarification may provide reassurance to investors about the lack of forced government-backed support for Bitcoin.