US Treasury Secretary Scott Bessent addressed traders at Southern Methodist University on September 9, 2026, stating, “I am the house.” The remark targeted speculators betting against US policy on the Japanese yen, yet it has prompted crypto market participants to reassess risk as Bitcoin trades between $77 000 and $80 000.
In August 2026, the Treasury expanded long-end bond buybacks to a minimum of $4 billion to lower yields on longer-duration Treasuries. Following this announcement, Bitcoin experienced a rally of approximately 23%. The current trading range reflects market adjustments to these liquidity conditions.
Bessent’s previous policy stances include supporting the US Strategic Bitcoin Reserve in March 2025, which allows the government to hold seized BTC without active market purchases. In July 2025, he expressed a favorable view of the industry via a video titled “Crypto, Welcome Home.”
Despite his supportive posture, Bessent clarified in 2026 that the Treasury lacks the authority to bail out Bitcoin or mandate that banks hold digital assets. The government maintains a policy of holding existing BTC but will not intervene to support prices during market declines.
