US Treasury Secretary Declares Bitcoin More Resilient Than Ever on 17th Anniversary

U.S. Treasury Secretary Scott Bessent has publicly recognized Bitcoin as a resilient and crucial part of American financial infrastructure, marking a significant shift from previous regulatory skepticism. On the 17th anniversary of Bitcoin's white paper, Bessent highlighted Bitcoin's uninterrupted operation and resilience, contrasting it with the ongoing U.S. government shutdown and suggesting lawmakers, specifically Senate Democrats, could learn from the network's reliability. His statements, seen as both a policy signal and a partisan critique, underscore the Trump administration's positive stance on digital finance, including support for stablecoins and exploration of a Strategic Bitcoin Reserve. This marks a growing acceptance of Bitcoin and digital assets within institutional finance, with major firms investing heavily and viewing Bitcoin as more than just speculative. Despite some criticism from Bitcoin developers, the overall sentiment in Washington reflects a recognition of Bitcoin's role in the evolving financial landscape. Bessent's comments have sparked significant attention among traders and the crypto community, signaling potential further integration of cryptocurrency into U.S. financial policy.