Overview
- Photos posted by Galaxy Digital’s Alex Thorn showed Bessent at the Washington launch, and neither he nor Treasury issued an official readout.
- Bitcoin traded in the mid‑$80,000s during the event and briefly fell below $83,000, with CoinGlass reporting heavy liquidations.
- Prominent voices including Ben Werkman and Steven Lubka hailed the optics as bullish, while others warned that social signals do not equal policy.
- Bessent has backed the GENIUS Act and said in August that Treasury was studying budget‑neutral paths to acquire Bitcoin for a proposed Strategic Bitcoin Reserve.
- Deadlines from the March 6 executive order to audit seized BTC and outline acquisition plans have passed without public disclosures, leaving implementation unclear.