In a public statement, Scott Bessent clarified that while the U.S. government will not actively purchase Bitcoin, it will continue to build its crypto reserve through confiscations. This announcement has drawn attention as it defines the government’s strategy in acquiring digital assets going forward.

Bessent’s insight underlines a cautious approach to regulation and governance surrounding cryptocurrencies. The broader implications could shape the future of Bitcoin’s role as a reserve asset.

As politicians and bureaucrats plunge into the crypto landscape, the market’s reactions remain unpredictable.