The U.S. Treasury officially acknowledged the lack of legal authority to purchase Bitcoin with taxpayer funds. During congressional hearings, Treasury Secretary Bessant stated that the government cannot allocate budget appropriations for investing in cryptocurrencies. This statement confirms the principled position of the American authorities regarding economic neutrality in the digital asset market and ensures that public funds will be used solely for their intended purpose, excluding risky speculative operations. Thus, the Treasury's lack of competence regarding Bitcoin closes any discussions about direct government support for the cryptocurrency sector.
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ParnoRuslan
· 7h ago
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The U.S. Treasury officially acknowledged the lack of legal authority to purchase Bitcoin with taxpayer funds. During congressional hearings, Treasury Secretary Bessant stated that the government cannot allocate budget appropriations for investing in cryptocurrencies. This statement confirms the principled position of the American authorities regarding economic neutrality in the digital asset market and ensures that public funds will be used solely for their intended purpose, excluding risky speculative operations. Thus, the Treasury's lack of competence regarding Bitcoin closes any discussions about direct government support for the cryptocurrency sector.