Can the Government 'Bail Out' Bitcoin? Congressman Prompts Bizarre Exchange With Treasury Secretary
In a recent congressional hearing, a U.S. Congressman questioned Treasury Secretary Janet Yellen about the possibility of the government "bailing out" Bitcoin during a financial crisis. Yellen responded by clarifying that Bitcoin is not a traditional financial institution and thus does not qualify for government bailouts. The exchange highlighted the ongoing debate about the role of cryptocurrencies in the financial system and their potential risks. The discussion reflects growing concerns among lawmakers regarding the stability of digital assets and their implications for the economy.
Read the full article: Decrypt