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Besant unexpectedly appears at a "Bitcoin-themed bar," crypto community "pleasantly surprised": This is the signal

Besant unexpectedly appears at a "Bitcoin-themed bar," crypto community "pleasantly surprised": This is the signal

ForesightNews2025/11/21 15:52
By: ForesightNews
BTC-1.42%BEN0.00%
U.S. Treasury Secretary Janet Yellen made a surprise appearance at a bitcoin-themed bar in Washington, an act regarded by the cryptocurrency community as a clear signal of support from the federal government.
US Treasury Secretary Besant made a surprise appearance at a bitcoin-themed bar in Washington, an act regarded by the crypto community as a clear signal of support from the federal government. The bar brand has become an important link between politics and cryptocurrency, with Trump previously holding campaign events there. Although the price of bitcoin has retreated from its peak of $125,000, the industry believes the Treasury Secretary’s endorsement marks a long-term strategic commitment by the US to incorporate digital assets into the mainstream financial system.


Written by: Ye Huiwen

Source: Wallstreetcn


On Thursday, US Treasury Secretary Besant made an unexpected appearance at a bitcoin-themed bar in Washington, an action that quickly sparked a strong reaction in the crypto community and was widely interpreted by market participants as a clear signal of the federal government’s supportive stance toward the digital asset industry.


At the opening event of a bar called Pubkey, Besant arrived unannounced. Several industry executives, including Strive Chief Investment Officer Ben Werkman and Nakamoto Vice President of Investor Relations Steven Lubka, responded quickly, describing the event as the decisive “bullish signal” investors had been waiting for, and seeing it as a substantive shift in regulatory attitudes.


The location of Besant’s visit itself carries a certain political symbolism. The Pubkey in Washington is a sister store to the one in New York, and as a presidential candidate, Trump once made a campaign stop at one of the brand’s venues, making the brand a unique node connecting politics and crypto culture.


Besant unexpectedly appears at a


This high-level endorsement comes as bitcoin is experiencing a significant price correction. Although the price of bitcoin has fallen from its historical high of over $125,000 in early October to around $85,500, and market sentiment is subdued, analysts believe the Treasury Secretary’s personal appearance goes beyond the impact of short-term price fluctuations and highlights the US’s long-term strategic commitment to integrating digital assets into the mainstream financial system.


Besant unexpectedly appears at a


This visit further cements Besant’s reputation as a crypto-friendly Treasury Secretary. He has previously publicly advocated that the US should become the global center for digital assets and has actively promoted related policy explorations, including strategic bitcoin reserves. His appearance is seen as a continuation and confirmation of his policy stance.


The Industry Sees This as a Key Turning Point


The crypto community responded enthusiastically to Besant’s appearance. Ben Werkman, Chief Investment Officer of bitcoin financial firm Strive, posted on X on Thursday that the Treasury Secretary’s attendance at the Pubkey Washington launch event was a historic moment, and that in hindsight, everything will seem “obvious.”


Steven Lubka, Vice President of Investor Relations at Nakamoto, was even more direct, calling it “the signal you’ve all been waiting for.” In addition, several well-known industry figures, including bitcoin analyst Fred Krueger, Gemini Chief of Staff Jeff Tiller, podcast host Natalie Brunell, and David Zell, co-founder of the Bitcoin Policy Institute, all believe Besant’s appearance is a hugely positive signal for bitcoin.


Policy Consistency and Strategic Reserve Plans


Since being nominated for the Treasury Department at the end of 2024, Besant has been regarded as an ally in the crypto space. He has previously stated clearly that the US should aim to become the global center for digital assets and has expressed support for several crypto-related bills, including the “Genius Act.”


More substantively, in August this year, Besant clarified that his department was exploring the purchase of bitcoin in a “budget-neutral” manner to establish a strategic bitcoin reserve. His public appearance has been interpreted by the market as further evidence that such policy discussions are ongoing and receiving high-level attention.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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