U.S. Treasury Explores Blockchain for Payments Under Trump’s Crypto Leadership Push
The U.S. Treasury is actively exploring blockchain technology for payments and decentralized computing as part of President Donald Trump's strategy to establish the country as a global crypto leader. Treasury Secretary Scott Bessent emphasized the administration's commitment to unlocking blockchain's potential, urging entrepreneurs to launch ventures in the U.S.
This initiative follows the SEC's Project Crypto, a new program aimed at shaping crypto policies and building a legal framework under the TRUMP administration. Bessent criticized Biden-era regulations, arguing they stifled innovation, while praising Trump's efforts to restore trust in the industry.