Treasury Sec Scott Bessent: US Should Be The 'Premier Destination For Digital Assets'

Treasury's Bessent says US should be 'premier destination' for digital assets

Treasury Secretary Scott Bessent on Wednesday offered insights into how the Trump administration plans to approach the regulation of the digital asset industry during a congressional hearing.Bessent testified before the House Financial Services Committee about the international financial system and said the administration wants the digital assets industry to come to the U.S. and play a global leadership role in the sector."We believe that the Un…

Treasury Sec Scott Bessent: US Should Be The 'Premier Destination For Digital Assets'

U.S. Treasury Sec. Bessent advocates for American leadership in digital assets and Congress progresses towards solid crypto market structure.

US Treasury Secretary expresses support for crypto bills at hearing - WorldNL Magazine

Scott Bessent suggested support for the stablecoin and market structure bills being considered in Congress in response to a question about China. Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets…

Financial News Network - Treasury's Bessent says US should be 'premier destination' for digital assets

Treasury Secretary Scott Bessent testified before the House Financial Services Committee and discussed regulatory frameworks for the digital assets industry.Read More …

US Treasury Secretary expresses support for crypto bills at hearing

US Treasury Secretary Scott Bessent answered questions on tariffs and digital assets at a May 7 hearing of the House Financial Services Committee.

Treasury Secretary Scott Bessent wants to make the United States the world's leading destination for digital assets, imposing market standards inspired by the American model. The debate on cryptic regulation divides Congress, with a bipartisan bill to clarify the roles of the SEC and the CFTC, while positions are crumbling around Trump's growing influence in the ecosystem. The regulation of stablecoins remains highly controversial in the Senate,…