šŗšø US Treasury: No bailouts for Bitcoin
On February 4, 2026, US Treasury Secretary Scott Bessent made it explicit: the US government cannot and will not rescue Bitcoin.
During a House Financial Services Committee hearing, Bessent pushed back against Congressman Brad Sherman, who questioned whether the Treasury or regulators could step in during a crypto crash similar to the 2008 bank bailouts by forcing banks to buy BTC, changing regulations, or allocating public funds to stabilize crypto markets.
Bessentās response was blunt:
āI am the Treasury Secretary. I donāt have such a position.ā
He clarified that neither the Treasury Department nor the Financial Stability Oversight Council (FSOC) which he chairs has the authority to:
ā¢ Direct banks to invest in Bitcoin
ā¢ Use taxpayer money to support crypto assets
ā¢ Intervene to stabilize BTC in a market collapse
Bitcoin Reserve? Strategic backstop? Bailout? None.
This is the clearest confirmation yet: Bitcoin is on its own by design.
#WhaleDeRiskETH #MarketCorrection #MarketCorrection #WhaleDeRiskETH #JPMorganSaysBTCOverGold $BTC
