US Treasury Doubles Down: Bitcoin Still Not on the Menu, Says Secretary Bessent

Another day, another dismissal—Washington's cold shoulder to crypto continues.

US Treasury Secretary Bessent just slammed the door on Bitcoin adoption (again), proving Uncle Sam would rather print dollars than embrace digital scarcity. Here's why the establishment still fears decentralized money—and why they're wrong.

The 'No Coiner' Playbook

Classic move: A Treasury official reiterates the party line while Bitcoin's market cap quietly eclipses half the S&P 500. Bessent's "no plans" declaration comes as BlackRock's BTC ETF inflows hit $25B—apparently Wall Street didn't get the memo.

Legacy Finance's Last Stand

Funny how governments love blockchain for CBDCs but recoil at its most successful application. Meanwhile, the Fed's balance sheet balloons past $8T—but sure, *volatility* is the real risk.

Wake up call: Treasury secretaries talk, markets vote. And right now? The ledger doesn't lie.

US Treasury Secretary Bessent has confirmed that the government is not planning to buy Bitcoin at this time. His remarks put to rest speculation about potential US entry into the crypto market. While acknowledging the growing role of digital assets, Bessent emphasized that the Treasury’s current focus remains on regulation and oversight rather than direct investment. The statement reflects a cautious approach as policymakers weigh the risks and opportunities in the evolving cryptocurrency landscape.