U.S. Treasury Secretary Bessent Declares the Crypto Revolution Has Arrived

The assessment that the statement is likely true is based on the consistent and authoritative evidence presented across all provided sources. Multiple primary sources from the U.S. Department of the Treasury directly confirm both parts of the statement. The official Treasury website is cited as confirming Scott Bessent was sworn in as the 79th Secretary of the Treasury, and other Treasury press releases and webcasts explicitly refer to him by this title while discussing his official actions and statements.Furthermore, the claim that he made a declaration about cryptocurrency is strongly supported. A Yahoo Finance article details a specific warning he issued that the government would not bail out Bitcoin. This is corroborated by a CNBC report of him being questioned on cryptocurrency matters in a House oversight hearing, and by a post from a purported official social media account discussing the use of digital assets. Primary sources from the Treasury confirm he delivered testimony before the House Financial Services Committee and Senate Banking Committee, the exact venues where such a policy declaration would be made.There are no contradictions among the sources. The combination of primary government documents, corroborating reports from major news organizations, and direct statements attributed to the individual provides a cohesive and credible body of evidence supporting the truthfulness of the statement.