{"id":42202,"date":"2025-08-14T14:01:40","date_gmt":"2025-08-14T14:01:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42202"},"modified":"2025-08-14T14:01:40","modified_gmt":"2025-08-14T14:01:40","slug":"us-treasury-freezes-bitcoin-purchases-heres-what-scott-bessent-plans-to-do-instead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42202","title":{"rendered":"US Treasury Freezes Bitcoin Purchases \u2014 Here&#8217;s What Scott Bessent Plans To Do Instead"},"content":{"rendered":"<div>\n<p>U.S. Treasury Secretary <strong>Scott Bessent<\/strong> on Thursday confirmed the government will not be buying additional <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) for <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46681312\/trumps-bitcoin-reserve-just-legitimized-it-coinbase-ceo-brian-armstrong-says-g20-nations-now-rushing-to-build-their-own-btc-stockpiles\">its strategic reserve<\/a>, saying the holdings will grow only through confiscated assets.<\/p>\n<p><strong>What Happened: <\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=8vccEoVMlb4\">Speaking <\/a>to Fox Business, Bessent also projected that tariff revenues could exceed earlier forecasts, potentially surpassing $300 billion this year.<\/p>\n<p>\u201cWe\u2019re not going to be buying that, but we are going to use confiscated assets and continue to build that up,\u201d Bessent said of the Bitcoin reserve, which he estimated to be worth \u201csomewhere between 15 and 20 billion\u201d at current prices. \u201cWe\u2019re going to stop selling that.\u201d<\/p>\n<p>Bessent&#8217;s remarks came as fresh U.S. economic data showed the July Producer Price Index rising 3.3% annually, the highest level since February, and 0.9% month-on-month, the <a href=\"https:\/\/www.benzinga.com\/markets\/economic-data\/25\/08\/47120725\/us-july-producer-inflation-trump-tariffs\">largest increase &#8230;<\/a><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/47122642\/us-treasury-freezes-bitcoin-purchases-heres-what-scott-bessent-plans-to-do-instead\" alt=\"US\" treasury freezes bitcoin purchases here what scott bessent plans to do instead>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Treasury Secretary Scott Bessent on Thursday confirmed the government will not be buying additional Bitcoin (CRYPTO: BTC) for its strategic reserve, saying the holdings will grow only through confiscated assets. What Happened: Speaking to Fox Business, Bessent also projected that tariff revenues could exceed earlier forecasts, potentially surpassing $300 billion this year. \u201cWe\u2019re not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42202","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42202"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42202\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}