President Donald Trump's administration has outlined a place of direct non-intervention within the face of Bitcoin (BTC) value volatility by means of a current assertion from Treasury Secretary Scott Bessent.
As of this writing, February 6, 2026, Bitcoin is buying and selling under $67,000 following a value decline that erases the positive factors recorded because the 2024 presidential election.
At a February 4th Congressional listening to, Treasury Secretary Scott Bessent, who additionally chairs the Monetary Stability Oversight Council (FSOC), appeared earlier than the Home Monetary Companies Committee and the Senate Banking Committee.
On the time, within the face of questions from Congressman Brad Sherman, identified for his skepticism in direction of cryptocurrencies, Secretary Bessent made clear the bounds of government authority.
“I don't have the authority to do this, and as FSOC chair, I don't have the authority to do this,” Bessent stated, referring to the Treasury's means to order personal banks to make use of public funds to purchase Bitcoin or doubtlessly rescue the market.
I shouldn’t have the authority to buy Bitcoin with taxpayers' cash.
Scott Bessent, U.S. Treasury Secretary;
These statements underscore that the federal government's dedication has remained because the election marketing campaign, regardless of the pro-Bitcoin rhetoric. This doesn’t embody lively intervention so as to add BTC to reserves.
This reserve, made up of confiscated Bitcoins, generated an estimated revenue of greater than $15 billion. Nonetheless, the Secretary emphasised that this reserve is passive in nature, with no provision for extra purchases with federal funds and is proscribed to foreclosed property.
Mr. Bessent's remarks coincided with an acceleration of the decline in BTC costs, with BTC costs falling by roughly 10% inside 24 hours after the February 4th listening to.
Bessent's phrases resonated throughout the digital asset ecosystem. Expectations have been excessive for extra lively state help. In areas with excessive adoption of BTC as a haven (within the face of inflation and foreign money devaluation), the uncertainty was highlighted and mirrored in large reactions on social networks and boards.
Regardless of many recognizing that Bitcoin “doesn't want a state,” the worldwide group expressed disappointment on the lack of direct help.
Mr. Bessent's phrases stand in distinction to Mr. Trump's pledge, who has expressed an intention to show the US into the “crypto capital of the world” and has pushed for the creation of a Bitcoin strategic reserve.
Nonetheless, the authorized limits set by the Secretary of the Treasury are: Demonstrates authorities enthusiasm for selling a regulatory setting For instance, with stablecoins, there is no such thing as a publicity to components that may considerably influence the value of an asset.
Trump administration voice on Bitcoin
The White Home isn't disenchanted both. In a press release launched on February 6, 2026, spokesperson Khush Desai stated:
The instability of a free market through which the federal government doesn’t set costs doesn’t change the Trump administration's dedication to making sure U.S. dominance in cryptocurrencies and different future cutting-edge applied sciences.
Khush Desai, White Home Deputy Press Secretary.
Different key officers have articulated a imaginative and prescient centered on long-term regulation. White Home crypto “czar” David Sachs is prioritizing the invoice over this space.
In a current look, Sachs described stablecoins as “a brand new cost rail for the twenty first century” and expressed his expectations for the next: Absolutely combine conventional banks into the digital asset ecosystem.
This imaginative and prescient factors to the combination of conventional and digital finance, which is interpreted by some politicians as essential to strengthen long-term institutional stability and adoption, however could also be perceived as much less decentralized.
In the meantime, Sen. Cynthia Lummis, one of the vital outstanding Bitcoin advocates in Congress and lead creator of the Bitcoin Act of 2025 (S.954, reintroduced in March 2025 to enhance the Bitcoin Strategic Reserve introduced by President Trump by government order), has been actively discussing methods to strengthen the US' place in digital property.
In actual fact, on the February 5, 2026 Senate Banking Committee listening to (the place Mr. Bessent offered the FSOC annual report), Mr. Lummis straight questioned the Secretary of the Treasury on key points, together with: Get extra BTC utilizing gold reserves or different mechanismsa proposal rejected by Bessent, reiterated the shortage of enforcement powers for publicly funded purchases or direct market intervention.
Mr. Lummis additionally pushed for regulatory readability on tax points, akin to the opportunity of tax exemption for small Bitcoin transactions and clear steerage on capital positive factors calculations for commingled portfolios, and expressed a willingness to work with the Treasury Division to maneuver ahead in these areas.
His legislative work enhances David Sachs' method to advancing the digital asset regulatory framework. It’s primarily based on the concept of integrating conventional finance with the Bitcoin and cryptocurrency ecosystem and facilitating institutional adoption with out counting on direct intervention akin to asset purchases.
And whereas the brand new digital foreign money legislation stays in committee (Senate Banking, Housing, and City Affairs) with out important progress towards approval, Lummis stated, He emphasised that regulatory readability and financial institution consolidation are priorities. That is to counter international dangers and keep American management.
Contemplating all this, it’s clear that the Donald Trump administration has no direct measures in thoughts to have an effect on the Bitcoin market. Their technique focuses on establishing a regulatory framework for the digital asset sector, selling stablecoins, and passively managing strategic reserves of seized property, quite than actively intervening within the dynamics mirrored in costs, because the group maybe anticipated.
(Tag translation)Bitcoin (BTC)
