U.S. Treasury Secretary Scott Bessent launched an announcement on the seventeenth anniversary of the publication of the Bitcoin White Paper, sending a message to the crypto neighborhood and addressing Senate Democrats.
As the federal government shutdown continues, Bessent shared a message on social media platform
“Seventeen years after the White Paper was printed, the Bitcoin community continues to be up and working and extra resilient than ever. Bitcoin won’t ever shut down.”
October thirty first has a particular which means on this planet of cryptocurrencies. The nine-page Bitcoin white paper, printed in 2008 by somebody utilizing the pseudonym Satoshi Nakamoto, laid the muse for a decentralized digital forex system. This doc ushered in a brand new period of the digital financial system by demonstrating the potential for peer-to-peer transactions with out the necessity for monetary intermediaries. Since then, the Bitcoin community has been working with out interruption since its launch in January 2009.
Bessent’s assertion is being taken not solely as an anniversary but additionally as a coverage sign. Following President Donald Trump’s signing of the GENIUS Act in July, Bessent described stablecoins as a “digital monetary revolution” and argued that an internet-based greenback system might strengthen the US’ reserve forex standing and develop world funds entry. This assertion was seen as a sign of Treasury’s proactive strategy to digital monetary infrastructure.
*This isn’t funding recommendation.
