coin-img-XAUTXAUT+0.46%coin-img-HYPEHYPE-0.30%coin-img-PAXGPAXG+0.52%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-1.92%coin-img-ONDOONDO-5.89%coin-img-ZAMAZAMA-8.07%coin-img-ETHETH-4.84%coin-img-XAUTXAUT+0.46%coin-img-HYPEHYPE-0.30%coin-img-PAXGPAXG+0.52%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-1.92%coin-img-ONDOONDO-5.89%coin-img-ZAMAZAMA-8.07%coin-img-ETHETH-4.84%coin-img-XAUTXAUT+0.46%coin-img-HYPEHYPE-0.30%coin-img-PAXGPAXG+0.52%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-1.92%coin-img-ONDOONDO-5.89%coin-img-ZAMAZAMA-8.07%coin-img-ETHETH-4.84%coin-img-XAUTXAUT+0.46%coin-img-HYPEHYPE-0.30%coin-img-PAXGPAXG+0.52%coin-img-WLFIWLFI+4.79%coin-img-ASTERASTER-1.92%coin-img-ONDOONDO-5.89%coin-img-ZAMAZAMA-8.07%coin-img-ETHETH-4.84%

US Treasury Secretary: Government Cannot Bail Out Bitcoin or Require Banks to Hold It as Reserves

US Treasury Secretary Janet Yellen said on Feb. 4 that neither the Treasury Department nor the Financial Stability Oversight Council has authority to bail out Bitcoin or require banks to purchase it as reserves, BlockBeats reports. Yellen stressed that US taxpayer funds will not be invested in crypto assets. She added that Bitcoin currently held by the US government comes from law enforcement seizures and is separate from funds managed on behalf of taxpayers.
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