[Besent: The U.S. government has no authority to 'bail out' Bitcoin, taxpayers' money will not be invested in crypto assets] BlockBeats news, February 8, on February 4, U.S. Treasury Secretary Besent stated during a congressional hearing that neither the Treasury Department nor the Financial Stability Oversight Council (FSOC) has the authority to 'bail out' Bitcoin or require banks to purchase it as part of their reserves. Besent emphasized that U.S. taxpayers' money will not be invested in crypto assets. The Bitcoin currently held by the U.S. government is confiscated assets from law enforcement actions, which are entirely different from funds managed on behalf of taxpayers.