U.S. Treasury Secretary Scott Bessent stated at Ripple's Swell conference on Tuesday that digital assets could strengthen the U.S. dollar's global dominance, as technological leadership increasingly underpins reserve currencies. He emphasized that digital assets will fortify the dollar and serve as an important funding source for the Treasury, particularly through stablecoins expanding access to the U.S. currency in emerging markets. Bessent acknowledged the failure of the Clarity Act but noted that the Treasury Department could collaborate with the SEC and CFTC to advance oversight through agency actions, which could also help prevent debanking practices.