Foreign media outlets claim Jim Cramer's comments about the US government buying BTC at $60,000 are nothing more than rumors.

CoinDesk reported that Jim Cramer, host of CNBC's "Mad Money," claimed the U.S. government would purchase Bitcoin at $60,000, a rumor without legal basis. Jim Cramer previously stated on CNBC that if BTC falls to $60,000, the government would begin filling its reserves. The outlet explained, "Currently, the federal government has no mechanism to purchase large quantities of cryptocurrency. Establishing a reserve would require congressional legislation, but the Cryptocurrency Market Structure Act (CLARITY), currently under discussion, does not provide such provisions. Treasury Secretary Scott Bessent has also stated that the federal government lacks the authority to bail out Bitcoin. The federal government currently stores BTC through the custody of confiscated assets during criminal investigations, not through new purchases, and its holdings are estimated at around $23 billion. State governments are moving faster than the federal government. Several states have introduced legislation last year to allow BTC reserves and are also working to allocate portions of their budgets to cryptocurrencies."