U.S. Treasury Secretary Scott Bessent marked the seventeenth anniversary of the Bitcoin white paper on Friday with a submit on X praising the community’s resilience and including a jab at Senate Democrats, saying the system “by no means shuts down” and implying lawmakers may “be taught one thing from that.” The remark doubled as a coverage sign and a partisan elbow.
Oct. 31 carries particular weight in crypto. It’s the date Satoshi Nakamoto launched the nine-page Bitcoin white paper in 2008, the doc that sketched a peer-to-peer digital money system and set the stage for a community that has run repeatedly since January 2009. Supporters use the anniversary to focus on bitcoin’s always-on design and its independence from any single operator.
Bessent’s notice slots right into a yr of crypto-forward messaging from Treasury.
In July, following President Trump’s signature on the GENIUS Act, Bessent known as stablecoins “a revolution in digital finance” and argued that an internet-native greenback rail may reinforce reserve-currency standing whereas increasing entry to greenback funds. Treasury revealed that assertion on its web site.
In August, Bessent mentioned on X that bitcoin forfeited to the U.S. would seed a Strategic Bitcoin Reserve and that Treasury would discover budget-neutral methods so as to add extra, signaling curiosity in constructing holdings with out new appropriations.
Response to Friday’s submit uncovered acquainted rifts inside crypto.
Lengthy-time Bitcoin Core developer Luke Dashjr pushed again, saying bitcoin is “weaker than ever,” a nod to disputes over latest software program releases and what they imply for community purity.
Researcher Eric Wall replied with sarcasm that “bitcoin died after the core v30 launch,” poking at recurrent doom takes after upgrades.
Investor Simon Dixon reframed Bessent’s line as a critique of forex coverage, arguing that bitcoin’s level is safety from political debasement.
Others pressed for coverage motion: dealer Fred Krueger quipped that Treasury can buy for the Strategic Bitcoin Reserve, and digital-asset strategist Gabor Gurbacs urged placing bitcoin “on the steadiness sheet.”
The replies cut up roughly into two camps — technical purists contesting blanket claims of resilience, and market individuals urgent Treasury to show rhetoric into acquisition coverage.
The political edge was sharpened by timing. The federal authorities has been in a partial shutdown since Oct. 1 after Congress missed fiscal 2026 appropriations, leading to roughly 900,000 furloughs, about 2 million workers working with out pay, and curtailed operations at companies together with the NIH and CDC. The episode is the eleventh shutdown to curtail providers and is described because the longest full shutdown on file.
Learn narrowly, Bessent’s submit saluted a community that runs on weekends and holidays. Learn politically, it contrasted bitcoin’s uptime with a Congress caught on funding payments — one other signal that the Treasury chief intends to maintain digital belongings within the coverage dialog on Washington’s busiest days.
