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Scott Bessent: No Authority to Require Banks to Buy Bitcoin or Invest Taxpayer MoneyOn February 4, 2026, during a congressional hearing, U.S. Treasury Secretary Scott Bessent clarified that neither the Treasury nor the FSOC has the authority to "bail out" Bitcoin or require banks to purchase it as part of their reserves. He emphasized that taxpayer dollars will not be invested in crypto assets, noting that the Bitcoin currently held by the government consists of seized assets, which are distinct from funds ...