BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Scott Bessent Advocates for U.S. Leadership in Crypto Market Structure
Scott Bessent Advocates for U.S. Leadership in Crypto Market Structure
12
3
Treasury Secretary Scott Bessent underscored the importance of robust cryptocurrency legislation during a May 7 House Financial Services Committee hearing. His testimony emphasized the need for the U.S. to establish a leading role in digital asset innovation, particularly through stablecoin regulation.
"We believe the United States should be the premier destination for digital assets," Bessent stated. He framed blockchain technology as a strategic tool to reinforce global usage of the U.S. dollar, advocating for market structures that could set international standards.
By:
Previous
US-China Trade Tensions Trigger Supply Chain Freeze, Echoing COVID-Era Disruptions
Next
Celsius Founder Alex Mashinsky Sentenced to 12 Years for Crypto Fraud
