<p>The government will not bail out your Bitcoin holdings. Treasury Secretary Scott Bessent made it clear to Congress that he has no legal authority, either as Secretary or as Chairman of the Financial Stability Oversight Council, to protect Bitcoin. He cannot order banks to buy Bitcoin. He cannot invest taxpayer money in this new currency. This is not a policy statement; it reflects the reality of our economy.</p><p><br></p><p><div class="ql-line-ticker-blot" data-line-ticker="{&quot;icon&quot;:&quot;https://jid.lbk.world/exchangeBm-upload/img/seo/SEO_ethereum.png&quot;,&quot;coinId&quot;:&quot;ethereum&quot;,&quot;marketCapChangePercentage24h&quot;:-3.92486,&quot;currentPrice&quot;:1959.18,&quot;name&quot;:&quot;Ethereum&quot;,&quot;symbol&quot;:&quot;eth&quot;}">﻿<span contenteditable="false"><div class="line-ticker-container"><div class="flex gap-2 justify-start items-center relative p-[16px] rounded-[12px] border-[1px] border-line2 border-solid w-[338px]"><div class="flex gap-2 items-center flex-1"><div class="sc-fmPOXC geATbk lbank-image lbank-image-block" style="width: 36px; height: 36px;"><img alt="img" src="https://jid.lbk.world/exchangeBm-upload/img/seo/SEO_ethereum.png" class="lbank-image-img" style="object-fit: fill;"></div><div><div class="sc-elAWhN fbhITD">Ethereum</div><div class="sc-kiPvrU ggziDF">eth</div></div></div><div class="sc-fmPOXC geATbk lbank-image lbank-image-block sharnk-0 w-[100px] h-[46px]" style="width: 100px; height: 46px;"><img alt="img" src="/lbank-front-activity/assets/creator/red.png" class="lbank-image-img" style="object-fit: fill;"></div><div class="right"><div class="text-12 text-white text-right text-[14px]">1,959.18</div><span class="sc-eVspGN jfQGsP  text-danger  "><div class="sc-iqPaeV haujkq">-3.92%</div></span></div><div class="ql-edit-btn-tools"></div><div class="ql-delete-btn-tools"></div></div></div><br></span>﻿</div></p><p><br></p><h2>Congressman Brad Sherman Raises QuestionsTCTC10/USDT</h2><p><br></p><p>Congressman Brad Sherman, a long-time critic of cryptocurrencies, asked the Treasury Department if it had the power to order U.S. banks to buy \"TrumpCoin\" or Bitcoin to prevent these currencies from falling in value. Bessent's response was direct: \"I do not have that authority.\" Following this exchange, Bitcoin immediately fell below $67,000. Bessent's testimony accelerated the decline, leading to the largest drop since the FTX collapse. Prior to this, the currency's price had already fallen 17% over the past week due to Governor Warsh's nomination as the next Fed Chairman.</p><p><br></p><h2><br></h2><h2><br></h2><h2>$500 Million Becomes $15 Billion</h2><p><br></p><p>Strangely, media headlines overlooked Bessent's bullish stance. Besides safeguarding strategic Bitcoin reserves, he is also crafting legal pretexts. He referenced approximately $500 million in confiscated Bitcoin, which the government held during the same hearing. Currently, this asset is valued at over $15 billion. Anyone who believes Bitcoin is worthless would not use this information as an argument for holding Bitcoin as an investment.</p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p>What is the reason you consider investing in Bitcoin?</p><p><br></p><p>For short-term trading opportunities due to its volatility.</p><p>To use it as a medium of exchange for purchases.</p><p>I don't invest in Bitcoin; I prefer other assets.</p><p>As a long-term store of value to hedge against inflation.</p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p>Furthermore, an executive order issued on March 23, 2025, established a strategic Bitcoin reserve. All confiscated Bitcoin will be held by the government. Auctions have ceased. The executive order further directs the Treasury Department to explore \"budget-neutral\" methods for the government to acquire more Bitcoin (e.g., converting existing reserves such as gold or oil into Bitcoin). Bessent stated that as of August 2025, the Treasury Department is actively exploring these options. The contradiction is clear: a government that cannot bail itself out with Bitcoin will secretly accumulate a permanent supply.</p><p><br></p><p><br></p><h2><br></h2><h2>Which aspect of Bitcoin's future concerns you most?</h2><h2><br></h2><h2>Environmental impact of Proof-of-Work mining.</h2><h2>Potential government regulation or outright bans.</h2><h2>Scalability issues and high transaction fees during peak times.</h2><h2>I have no concerns; Bitcoin is unstoppable.</h2><h2><br></h2><h2><br></h2><h2><br></h2><h2><br></h2><h2>Why a Bitcoin Bailout Was Never Structurally Possible</h2><p><br></p><p>Sherman's question was more for provocation than for legislative action. However, it exposed a significant aspect of Washington's continued misunderstanding of cryptocurrencies.</p><p><br></p><p>A protocol cannot be bailed out. A bailout recapitalizes an organization by guaranteeing short-term liquidity, supporting deposits, and injecting equity. Bitcoin has no financial statements, no issuer, and no contractual obligations. There is nothing to recapitalize. The government will never directly intervene in cryptocurrencies; instead, it will intervene through the organizations that orbit it, such as banks, stablecoin issuers, and settlement infrastructure. \"No authority\" was not Bessent's evasion. It was a fact.</p><p><br></p><p>The irony runs deeper. In 2009, Bitcoin was introduced as a direct response to the bank bailouts. A headline about the bank bailout package was famously embedded in Satoshi Nakamoto's genesis block. A lawmaker is questioning whether the government should bail out an asset created fifteen years later, designed precisely to make bailouts unnecessary. This tension remains unresolved.</p><p><br></p><p><br></p><h2>The Unnoticed Stablecoin Strategy</h2><p><br></p><p>Bessent's most significant remarks had nothing to do with Bitcoin. He presented stablecoins as a \"critical feature for financing the U.S. government\"; anyone not paying attention should be alarmed by this statement. The first government stablecoin framework was established under the GENIUS Act, enacted in July 2025. Stablecoin issuers now back their tokens with short-term U.S. Treasuries. As stablecoin usage grows, so too will the demand for government debt. Bessent predicts the stablecoin market could grow from $300 billion to $3 trillion by the end of the decade.</p><p><br></p><p>This isn't cryptocurrency policy. It's a method of fundraising. The government is creating a framework that allows the cryptocurrency industry to purchase vast amounts of U.S. sovereign debt. In subsequent Senate Banking Committee testimony, Bessent suggested that crypto companies opposing the Digital Asset Market Clarity Act \"move to El Salvador.\" The message is clear: either comply with the regulatory framework or risk being excluded from the U.S. market. He wasn't asking.</p><p><br></p><p><br></p><h2>What This Means for Bitcoin at the $65,000–$70,000 Price Point</h2><p><br></p><p>As of this week, Bitcoin's price ranged between $65,000 and $70,000, a drop of over 45% from its peak of over $126,000 in October 2025. In three days, spot Bitcoin ETFs saw $1.25 billion in outflows, making them net sellers. According to CryptoQuant, U.S. ETFs that bought 46,000 BTC this time last year are reportedly now selling. ETF holders face over $15 billion in unrealized losses, as their average cost basis is close to $90,000. This market is underperforming. This represents a market with true conviction.</p><p><br></p><p>Bessent had nothing to do with this sell-off. What he said, the market should have already known. Bitcoin's price will never be supported by the government.</p><p><br></p><p>However, the last shred of uncertainty was removed by a confirmation under oath, before the cameras of Congress. The safety net that crypto investors believed existed does not exist.</p><p><br></p><p><br></p><h2>The Uncomfortable Truth Crypto Needs to Hear</h2><p><br></p><p>Bessent was not testifying against cryptocurrency. He was merely offering clarification. Confiscated Bitcoin will be held indefinitely by the government. The government will seek budget-neutral ways to acquire more Bitcoin. Stablecoins will be regulated as a means to finance U.S. debt. This will help Congress pass the Clarity Act. However, when Bitcoin drops 45% from its peak, the government will not intervene. It will not force banks to buy. It will not use public funds to maintain price stability.</p><p><br></p><p>Bitcoin was designed to operate independently of government. Bessent merely reminded the market that this design is working as intended. No one asked if the crypto market still truly wants it this way, or if investors thought the rules had changed over the past two years due to institutional adoption, ETF wrappers, and White House photo ops. They haven't.</p><p>","desc":"Treasury Secretary Bessent confirmed that the U.S. cannot and will not rescue Bitcoin. There is no regulatory support or price guarantee. BTC’s decline revealed a false sense of security as ETFs sell off and losses increase.</p>

Treasury Secretary Bessent confirmed the U.S. cannot and will not bail out Bitcoin. No authority, no price backstop. BTC’s drop exposed a false safety net as ETFs sell and losses mount.

Treasury Secretary Bessent Rules Out Bitcoin Bailout: No Authority for Government Intervention as BT

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