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Wall Street Heavyweight Bessent to DC: Make America the Crypto Capital or Get Left Behind
Wall Street Heavyweight Bessent to DC: Make America the Crypto Capital or Get Left Behind
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Key Square Capital’s Scott Bessent throws down the gauntlet—U.S. regulators either embrace digital assets or watch innovation flee to friendlier shores.
"We’re in a global arms race for blockchain dominance," says the ex-Soros CIO, as Singapore and Dubai eat Washington’s lunch. His prescription? Ditch the enforcement-first approach before the next FTX—actual or imagined—becomes an excuse to strangle the whole industry.
Meanwhile, traditional finance dinosaurs still think ’stablecoin’ refers to their 1% yield savings accounts. Wake-up calls don’t get louder than this.
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