Related Article: Treasury Chief Backtracks After Market Panic - cointribune.com - Friday, August 15, 2025, 1:26:33 PM Eastern Daylight Time
Target: US Treasury Secretary Scott Bessent and Members of the United States Congress
Goal: We call on the US Treasury and Congress to immediately clarify and implement a transparent, accountable, and forward-thinking Bitcoin acquisition strategy that serves the public interest and ensures the United States remains a leader in the digital econom
On August 14, unclear remarks by Treasury Secretary Scott Bessent caused a mini-crash in the cryptocurrency market, erasing tens of billions of dollars in capitalization within minutes. The confusion was compounded by a later attempt to clarify the Treasury’s position, which only deepened uncertainty about the nation’s digital asset strategy.
Currently, the US Bitcoin reserve consists solely of assets seized during legal proceedings, with no concrete plan for active acquisition despite an executive order authorizing budget-neutral purchases. This lack of direction and transparency is undermining confidence in US leadership at a critical moment, while other countries advance their own digital asset strategies.
We, the undersigned, demand that the US Treasury and Congress provide clear, consistent communication and a concrete roadmap for the nation’s Bitcoin reserve. The public deserves transparency, accountability, and a strategy that prioritizes economic stability, innovation, and the public good.