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Treasury Secretary Bessent Signals Possible Expansion of Bitcoin Holdings
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Bitcoin InvestmentCryptocurrency
Updated a few seconds ago

Treasury Secretary Bessent Signals Possible Expansion of Bitcoin Holdings

Treasury Secretary Scott Bessent has reversed his earlier stance, suggesting that the government may explore budget-neutral pathways to expand its Bitcoin holdings. This comes after a tweet indicating that government purchases of Bitcoin remain a possibility, despite previous assertions that the reserve would not change.

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US Treasury Secretary Scott Bessent has clarified that the department is still looking into budget-neutral methods for purchasing Bitcoin, reversing a previous statement that negatively impacted the crypto market.
Editor’s Note: This clarification is significant as it indicates that the US Treasury is not abandoning the idea of Bitcoin purchases, which could stabilize the market and encourage further investment in cryptocurrencies.
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Treasury Secretary Confirms US to Acquire Bitcoin for Reserve via Budget-Neutral Tactics
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Bessent backtracks, says Treasury committed to ‘exploring budget-neutral pathways’ to add Bitcoin
CryptoSlate10 hours ago
Bessent backtracks, says Treasury committed to ‘exploring budget-neutral pathways’ to add Bitcoin
NeutralCryptocurrency
Treasury Secretary Scott Bessent has indicated that the government is considering expanding its Bitcoin holdings, despite earlier statements suggesting the reserve would remain unchanged. This shift reflects ongoing discussions about budget-neutral pathways for Bitcoin investment.
Editor’s Note: This development is significant as it highlights the government's evolving stance on cryptocurrency, particularly Bitcoin. The potential expansion of Bitcoin holdings could impact market dynamics and investor confidence, making it a topic of interest for both financial analysts and the general public.
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Scott Bessent Suggests Government Bitcoin Purchases Remain a Possibility
CoinDesk11 hours ago
Scott Bessent Suggests Government Bitcoin Purchases Remain a Possibility
NeutralCryptocurrency
Scott Bessent has indicated that government purchases of Bitcoin could still be on the table, despite earlier statements. This comes after a tweet from the Treasury Secretary that appears to contradict previous comments.
Editor’s Note: This situation is significant as it highlights the ongoing discussions around government involvement in cryptocurrency. The potential for government Bitcoin purchases could impact market dynamics and regulatory approaches.
Read full article
via CoinDesk

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