Treasury Secretary Bessent states the U.S. will win in the digital asset space, working with the SEC and CFTC to fill regulatory gaps and prevent banks from cutting off services to crypto companies.
U.S. Treasury Secretary Scott Bessent stated on Tuesday that America's leadership in digital assets can solidify the dollar's global influence, and even if the CLARITY Act stalls in Congress, the Treasury Department will work with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to fill regulatory gaps. Speaking at Ripple's Swell conference, Bessent noted that the U.S. will also develop regulatory best practices to prevent banks from debanking crypto companies. He emphasized that stablecoins can increase demand for U.S. Treasuries and provide access to the dollar for people in countries with high inflation.
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