Bessent: U.S. Treasury Lacks Authority to Bail Out Bitcoin
TL;DR Treasury Secretary Scott Bessent told Congress that the federal government has no legal authority to bail out Bitcoin. The response followed a question from Representative
Scott Bessent (Latest Publications)
Government Can’t ‘Bail Out’ Bitcoin, Treasury Secretary Tells Congress
U.S. Treasury Secretary Scott Bessent told lawmakers during a House Financial Services Committee hearing that the government does not have the authority to bail out Bitcoin
$150B in Tax Refunds From Treasury Could Boost Crypto Traders
TL;DR Treasury Secretary Scott Bessent estimates refunds between $100 billion and $150 billion for the first quarter. The OBBBA law eliminates taxes on tips and overtime,
Treasury’s Bessent Prepares Sweeping Overhaul That Could Redefine Crypto Rules
TLDR: Scott Bessent, Chair of the FSOC, is preparing a new policy that will shift the regulatory focus from “tightening” to “removing undue burdens.” The FSOC
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