Svmuu News: Matt Hougan, Chief Investment Officer at Bitwise, posted on X that he recently read a speech by U.S. Treasury Secretary Bessent and called it “an important document that defines the United States’ economic role for the next century.”
He noted that in his speech, Bessent outlined the U.S.’s future economic strategy around five principles, the third of which is: “The United States will set the rules for the next-generation economy.” When discussing the digital economy, Bessent stated: “Digital assets, stablecoins, tokenization, and new payment systems will help shape the future of money. The United States should not position itself as a bystander in the construction of this future.” Matt Hougan noted that this statement demonstrates the U.S. government’s commitment to advancing the development of the crypto industry and reflects the fact that digital assets are being integrated as a key component of the future financial system and the landscape of economic competition.