Treasury Sec Scott Bessent: US Should Be The ‘Premier Destination For Digital Assets’
U.S. Treasury Secretary Scott Bessent told lawmakers on Wednesday that the United States should position itself as the global leader in digital assets, reinforcing the administration’s support for establishing a clear regulatory framework for the crypto industry.
What Happened: During testimony before the House Financial Services Committee, Bessent said, “We believe that the United States should be the premier destination for digital assets,” adding that Congress is making progress toward shaping a solid market structure that could help promote American standards globally.
Bessent, confirmed to the Treasury post in January after being nominated by President Donald Trump, has been vocal in backing crypto as a permanent fixture in the financial …
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