CoinDesk dismisses Jim Cramer's claim of US gov't buying BTC at $60K as baseless rumor

A claim by CNBC's "Mad Money" host Jim Cramer that the U.S. government would buy Bitcoin at the $60,000 level is a rumor with no legal basis, CoinDesk reported. Cramer had previously stated on CNBC that if BTC were to fall to $60,000, the government would begin to fill its reserves. However, the outlet noted that there is currently no federal mechanism for purchasing cryptocurrency in large quantities. Establishing such a reserve would require congressional legislation, but the proposed crypto market structure bill (CLARITY Act) does not contain any such provisions. Treasury Secretary Scott Bessent has also affirmed that he lacks the authority to orchestrate a BTC bailout. The federal government's current BTC holdings, estimated to be worth around $23 billion, are the result of seizures from criminal investigations, not new purchases. Meanwhile, state governments are moving more quickly, with several having pursued legislation last year to permit BTC reserves and allocate portions of their budgets to cryptocurrency.