Bessent backtracks, says Treasury committed to ‘exploring budget-neutral pathways’ to add Bitcoin

Treasury Secretary, Scott Payette, confirmed that the government may still expand Bitcoin (BTC(August 14th, and removal notes a few hours ago.

Pesin told correspondents during a television interview in the morning that the strategic bitcoin reserves will remain at its current level.

He said that the reserve will consist of approximately $ 15 billion to $ 20 billion in the government’s bitcoin currency, and most of them were seized in criminal cases.

Bessent also indicated that there are no active plans to buy more bitcoin for the reserve.

However, later today, social media was published that the treasury has been “committed to exploring neutral budget tracks” to add to the reserve, which was reaffirmed by the government A previously known position Towards accumulation.

Bessent did not explain how a neutral budget strategy may look. In fiscal policy, this usually means finding ways to finance purchases without increasing the federal deficit, such as liquidation of other assets, re -customizing current credits, or creating revenue flows to compensate for cost.

It was strategic bitcoin reserves Created in March Through an executive order signed by the president Donald Trump. It is part of a wider effort for the White House to integrate digital assets into the US financial strategy.

Supporters see it as a way to diversify national reserves, provide hedging against inflation, and strengthen the country’s position in the global currency competition. The program is currently dependent on bitcoin sources by applying the law as the basic offer.

The change in a tone came during a volatile trading session. Bitcoin reached a new record above $ 124,000 at night before returning to about $ 117,000 later in the day.

The decline followed the most powerful wholesale inflation data, which reduced the market expectations that the Federal Reserve could reduce interest rates in September.

Bessent’s comments also come amid driving changes in the administration’s digital asset policy team. Earlier this month, Bo Heins, who led the White House counselors to digital assets and helped designing the reserve framework, left his position.

His exit has paid speculation about the possible modifications and timing of the program.

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