Finance3 sources
U.S. Treasury Secretary on Stablecoins and Digital Asset Stack
- U.S. Treasury Secretary Scott Bessent spoke at Ripple's Swell conference in New York.
- Bessent believes stablecoins will help cement the dollar's dominance.
- The Clarity Act, intended to govern digital assets, has stalled in Congress.
- Bessent sees SEC and CFTC actions as a way to address the gap left by the Clarity Act.
- Bessent mentioned the potential of crypto debanking and its curbing.
Articles (4)
Bitcoin Magazine·
Senator Bill Hagerty: Expanding the U.S. Strategic Bitcoin Reserve, & the Future of Dollar Hegemony
Yahoo Finance·
Bessent: Stablecoins will help cement dollar dominance
U.S. Treasury Says U.S. ‘Will Win in the Digital Asset Stack’ as Clarity Act Stalls
CoinDesk·
Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top