Simply Bitcoin Scott Bessent BLAMES COINBASE For Bitcoin Crash | EP 1440
Feb 13, 2026
Frank Holmes, Executive Chairman of Hive Digital Technologies, is a mining and infrastructure veteran. He discusses Hive’s $30M customer deal, how AI data-center bottlenecks affect mining expansion, and links between market contagion, stablecoin policy, and geopolitics. Short, sharp takes on Hive’s dual-engine strategy and where gold and Bitcoin fit into sovereign reserves.
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Regulatory Clarity Drives Market Confidence
- Scott Bessent connected Bitcoin's recent volatility to lack of regulatory clarity and a stalled Clarity Act.
- He argued passing clarity would comfort markets and reduce self-induced sell pressure.
Push For Federal Self‑Custody Protections
- Prioritize self-custody protections in law because they secure Bitcoiners' rights federally.
- Focus advocacy on codifying the right to self-custody rather than relying on executive orders.
Coinbase Objects To Stablecoin Restrictions
- Brian Armstrong says Coinbase cannot support the Senate banking draft due to de facto bans and privacy concerns.
- He warns draft amendments would kill stablecoin rewards and let banks block competition.