US won't 'bail out' Bitcoin, says Treasury Secretary Bessent
Treasury Secretary Bessent stated that the U.S. government will not provide a bailout for Bitcoin or other cryptocurrencies, emphasizing that the market should operate independently without federal intervention. This statement comes amid concerns about the volatility and risks associated with digital assets. Bessent highlighted the importance of consumer protection and regulatory frameworks for the crypto industry. The Treasury's position reflects a broader stance on ensuring that market participants are responsible for their investments.
Read the full article: Coin Telegraph