#HotJulyPPI U.S. Treasury Secretary Scott Bissent confirmed that the U.S. government does not intend to purchase cryptocurrencies or include them in its official cash reserves at this time, explaining that the priority is focused on managing financial assets and confiscations in a way that ensures the stability of the U.S. economy and protects it from market fluctuations.
U.S. Treasury Secretary Scott Bissent clarified that dealing with cryptocurrencies requires the establishment of clear regulatory policies and a strict legislative framework that balances supporting innovation in the digital sector and ensuring the protection of the financial system from potential risks.
Bissent emphasized that the U.S. Treasury will not engage in any official purchases or holdings of cryptocurrency reserves at this stage.
U.S. Treasury Secretary Scott Bissent noted that the U.S. government will continue to rely on confiscated assets within the legal procedures followed, focusing on utilizing these resources in a manner that serves the economic interest without exposing to the risks of cryptocurrency market fluctuations.
The statements of U.S. Treasury Secretary Scott Bissent come at a time when global economic circles are witnessing extensive debate about the future role of cryptocurrencies in the international financial system, especially with the significant rise in their market value and the increasing use in online commercial and financial transactions.
