Congress Asks If Treasury Will “Bail Out Bitcoin”—Bizarre Exchange Highlights Crypto’s Federal Immunity
US Treasury Secretary Scott Bessent confronted an uncommon line of questioning on Capitol Hill on Wednesday. Rep. Brad Sherman (D-CA) pressed him on whether or not the federal authorities may step in to “bail out Bitcoin” throughout a downturn. It comes as Bitcoin and the broader digital asset market bleed, with the pioneer crypto down…
