Washington does a 180 as Treasury Secretary Scott Bessent dubs Bitcoin ‘more resilient than ever’
Treasury Secretary Scott Bessent praised Bitcoin's resilience, marking a significant policy shift away from previous regulatory hostility.Summary
U.S. Treasury Secretary Scott Bessent publicly praised Bitcoin's operational resilience, stating the network is "more resilient than ever" 17 years after its white paper, suggesting Democrats could learn from its uptime. This statement represents a monumental shift in Washington's narrative, moving away from viewing Bitcoin as merely a speculative threat or tool for illicit actors, which was characterized by past regulatory pressures like "Operation Chokepoint 2.0."
Bessent's endorsement frames Bitcoin as critical, always-on American infrastructure rather than just a financial play subject to wild price swings. His comment tagging Senate Democrats highlighted the contrast between Bitcoin's continuous operation despite political storms and government shutdowns. While the crypto community reacted positively, the praise came during a period of market bearishness and retail exhaustion.
The significance lies in the official recognition of Bitcoin's stability, moving it from a target for suppression to a system policymakers might learn from. This signals that regulatory roadblocks are potentially falling as institutional money enters the space, confirming Bitcoin's maturation as an asset class integrated into the infrastructure conversation.
(Source：CryptoSlate)