U.S. Treasury Secretary Yellen: The government has no authority to bail out Bitcoin
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
On February 4, U.S. Treasury Secretary Yellen stated at a congressional hearing that the Treasury Department and the Financial Stability Oversight Council (FSOC) do not have the authority to bail out bitcoin, nor do they have the authority to require banks to purchase bitcoin as part of their reserves. Yellen emphasized that U.S. taxpayers' money will not be invested in crypto assets, and that the bitcoin currently held by the government is confiscated through law enforcement actions, which is entirely different from funds managed on behalf of taxpayers.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Royal Bank of Canada raises Newmont Mining's target price to $155
智通财经•2026/09/16 04:51
Royal Bank of Canada raises Rio Tinto target price to 6,600 pence
智通财经•2026/09/16 04:41
Royal Bank of Canada raises Glencore target price to 660 pence
智通财经•2026/09/16 04:36
Crypto prices
MoreBitcoin
BTC
$75,644.26
-2.54%
Ethereum
ETH
$2,393.51
-3.97%
Tether USDt
USDT
$0.9992
-0.06%
BNB
BNB
$714.55
-0.84%
XRP
XRP
$1.29
-8.25%
USDC
USDC
$0.9998
-0.01%
Solana
SOL
$96.92
-4.29%
TRON
TRX
$0.3341
-1.16%
Hyperliquid
HYPE
$77.03
-2.89%
Zcash
ZEC
$1,142.27
-0.43%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now