US Treasury Reassures Market on Bitcoin Reserve Expansion

Amidst initial market turmoil following Treasury Secretary Scott Bessent’s statements indicating no further government acquisitions of Bitcoin, the U.S. clarified its stance. Bessent has since expressed openness to budget-neutral expansion of the Strategic Bitcoin Reserve. This clarifies the administration’s commitment to exploring avenues for growth without burdening taxpayers. Bessent emphasized a balanced approach to digital asset regulation during a press briefing, underscoring that reserve increases should not affect the federal budget.