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U.S. Treasury: No Change in Bitcoin Investment Strategy

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by Giorgi Kostiuk

2 hours ago


Recent reports claiming that U.S. Treasury Secretary 'Bessent' announced a major interest in Bitcoin and crypto have been refuted. Official sources confirm these comments are actually from Treasury Secretary Janet L. Yellen.

Crypto Support Rumors

Some reports suggested a shift in U.S. Treasury's strategy toward supporting cryptocurrencies. However, official sources, including those in leadership, have denied these rumors, stating that any forthcoming initiatives are unconfirmed and lack basis.

Official Treasury Statements

Current Treasury Secretary Janet Yellen continues to emphasize the need for regulation of digital currencies. Her comments include, 'The council is focused on digital assets and related risks such as from runs on crypto-asset platforms and stablecoins.'

The council is focused on digital assets and related risks such as from runs on crypto-asset platforms and stablecoins.Janet L. Yellen, Secretary of the Treasury

Market Expectations and Analyst Caution

Despite a brief surge of interest regarding potential changes in U.S. policy toward cryptocurrencies, the market saw no significant fluctuations. Analysts stress the need for caution when assessing situations in crypto markets, anticipating further discussions on existing regulatory approaches.

Rumors of U.S. Treasury supporting cryptocurrencies remain unfounded. Official sources assert that the focus remains on regulation and risk management rather than direct investments in cryptocurrencies.

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