U.S. Treasury Rejects Bitcoin Bailout, Rules Out Using Gold Reserves
Treasury Secretary Scott Bessent told lawmakers that taxpayer funds will not be used to buy Bitcoin, rejecting the possibility of a government ‘bailout’ for BTC during questioning at a House Financial Services Committee hearing [1][3].
The Treasury also ruled out selling U.S. gold reserves to finance Bitcoin purchases, saying a proposed Strategic Bitcoin Reserve (SBR) would be funded by seized Bitcoin rather than gold; proponents in Congress, including Sen. Cynthia Lummis, have been pushing for a U.S. Bitcoin reserve [2][3].
The exchange on Capitol Hill grew heated, with reporting noting Bessent became embroiled in a loud confrontation related to testimony about the Trump family’s crypto company during the hearing [4][3].
Taken together, Treasury testimony and subsequent statements close off the option of using taxpayer funds or selling gold to acquire Bitcoin, while leaving legislative debate over a Strategic Bitcoin Reserve ongoing [1][2].
Anonymous signal used only for weekly cluster rankings. No public counters.
Share
Broadcast this coverage
Copy-ready links for the networks your audience checks first.
Support independent reporting
If this summary helped, a small tip helps keep ClusterWire running.
Privacy note: we log tip UI events (page + action, and article slug when applicable) to improve the feature. We don’t store IP address, user-agent, or wallet addresses in analytics. Tips are on-chain, so the sending address is public in the transaction.
Citations
Follow the primary reporting behind this analysis. Click a citation to open the referenced source in a new tab.
- 1Treasury Secretary Bessent Rejects Possibility of Bitcoin BailoutBankless News, Research and Analysis• Feb 4, 2026
- 2U.S. Treasury Dismisses Gold Reserves for Bitcoin PurchasesNFTenex• Feb 4, 2026
Themes
Themes driving this story
Curated from the cluster of sources powering this article.