President Donald Trump’s administration has outlined a place of direct non-intervention within the face of Bitcoin (BTC) worth volatility by a current assertion from Treasury Secretary Scott Bessent.
As of this writing, February 6, 2026, Bitcoin is buying and selling beneath $67,000 following a worth decline that erases the positive aspects recorded for the reason that 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 Providers Committee and the Senate Banking Committee.
On the time, within the face of questions from Congressman Brad Sherman, recognized for his skepticism in the direction of cryptocurrencies, Secretary Bessent made clear the bounds of govt energy.
“I haven’t got the authority to do this, and as FSOC chair, I haven’t got the authority to do this,” Bessent stated, referring to the Treasury’s skill to order non-public banks to make use of public funds to purchase Bitcoin or probably rescue the market.
I don’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 for the reason that 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 added purchases with federal funds and is restricted 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 huge reactions on social networks and boards.
Regardless of many recognizing that Bitcoin “does not want a state,” the worldwide neighborhood 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 america 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 atmosphere For instance, with stablecoins, there isn’t a publicity to elements that may considerably impression the value of an asset.
Trump administration voice on Bitcoin
The White Home is not disillusioned both. In an announcement launched on February 6, 2026, spokesperson Khush Desai stated:
The instability of a free market the place 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 targeted 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: Totally combine conventional banks into the digital asset ecosystem.
This imaginative and prescient factors to the mixing 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, probably the most distinguished Bitcoin advocates in Congress and lead creator of the Bitcoin Act of 2025 (S.954, reintroduced in March 2025 to reinforce the Bitcoin Strategic Reserve introduced by President Trump by govt order), has been actively discussing methods to strengthen america’ 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, resembling the opportunity of tax exemption for small Bitcoin transactions and clear steering on capital positive aspects 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’ strategy to advancing the digital asset regulatory framework. It’s primarily based on the thought of integrating conventional finance with the Bitcoin and cryptocurrency ecosystem and facilitating institutional adoption with out counting on direct intervention resembling 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 preserve 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, relatively than actively intervening within the dynamics mirrored in costs, because the neighborhood maybe anticipated.
