Treasury bessent says the budget-neutral bitcoin reserve is still buying it is still possible
US Secretary of Treasury Scott Bescent has made it clear that his department is still exploring ways that are not a neutral budget to buy Bitcoin for the strategic Bitcoin reserves-to his recent comments suggesting that the plan is on the table, which triggers a bitcoin sell-off.
“The Treasury is dedicated to exploring the neutral budget paths to get more bitcoin to expand the reserve, and to make the President’s promise to make the United States ‘Bitcoin superpower of the world,'” bessent Delivered on an X on Thursday.
He once again said that bitcoin (Btc) Forgive the federal government will form a reserve foundation.
There are concerns that the slow US speed of implementing Bitcoin’s strategic reserve can leave it open to being f front-run of other countries-states. Some are afraid that Treasury may not even follow the approach.
Nearly seven hours earlier on Thursday, Bescent’s comments on the Fox business are widely interpreted to mean Treasury Wasn’t looking to buy bitcoin.
“We have also begun to enter the 21st century, a Bitcoin reserve. We will not buy that, but we will use confiscated properties and continue to build that,” bessent said The media outlet, which wiped nearly $ 55 billion from Bitcoin’s market cap in 40 minutes of his comments, dropped Bitcoin from $ 121,073 to $ 118,886, coingecko Data Shut up.
Despite clarification, Bitcoin traded at $ 118,500 at the time of writing.
Less talk, more action, says bitcoin pundits
While Bescent’s clarification ensures some Bitcoiners, others are still concerned that the US Treasury Department may not be fulfilled in its promise:
“Are you serious ‘exploring the neutral budget paths’? At some point, exploration without implementation begins to look like prevention,” bitcoin mining firm Braiins CEO Eli Nagar Says In X.
“Come on, move!”
Treasury is “exploring” budget methods that have nothing to do with five months now
Trump Signed an Executive Order on March 6 The establishment of both a strategic Bitcoin reserve and a digital asset stockpile, both of which will first use Crypto that has lost cases in the criminal government.
The order opened the door for additional Bitcoin purchases through “budget-neutral” techniques that “do not impose increased costs in taxpayers in the United States.” However, there are no major development shared on how those strategies can be performed at the length of the digital asset working group Crypto report Last month.
Among Neutral budget techniques That floating is the re -review of the gold certificates of Treasury and Tariff revenue.
One reason for slow development is that Treasury may need Congress approval to buy Bitcoin in a neutral budget way. US Senator Cynthia Lummis made Remember of that point, Calling to Congress to look closer to Bitcoin Act He introduced in March.
“We will stop selling” Bitcoin: Bescent
While no action was taken with the purchase of the side, Bescent confirmed that the US does not plan to sell existing Bitcoin handles:
“We stop selling,” he told Fox Business, adding that he believed that the strategic bitcoin reserve is currently appreciated “somewhere between $ 15 billion and $ 20 billion.”
That is aligned closely to the Bitbo Bitcoin Treasury Dashboard, which Report That the US is holding 198,012 Bitcoin worth $ 23.5 billion.
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