Bessent on bailing out bitcoin: 'I do not have that authority'
Yahoo Finance·2026-02-04 18:36
Does the Treasury Department or the various components of the FMOC have the authority to bail out Bitcoin. >> Could you please elaborate. What exactly does bail out bitcoin mean.>> Okay. Could you instruct the banks of this country to buy more bit to buy bitcoin or change banking regulations uh so that they are encouraged to do so in terms of uh the reserves that they're otherwise required to have. uh again that with within the context of asset diversification within banks they could hold many assets.>> The ...