Treasury’s Bessent sees crypto as America’s next tool for keeping the U.S. dollar on top
Summary
The United States Treasury Secretary recently highlighted digital assets as a key mechanism for maintaining the global dominance of the U.S. dollar. Speaking at a conference, the official noted that regulatory actions by financial watchdogs might address previous legislative shortcomings and help prevent the practice of debanking within the digital currency sector.
Speaking at Ripple's conference, the U.S. Treasury Secretary said the SEC and CFTC action could help fill the gap left by the Clarity Act's failure, while curbing crypto debanking.
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