Treasury Secretary Scott Bessent | Crypto

For the first time, a sitting U.S. Treasury Secretary has described Bitcoin as more than just a speculative frenzy. Scott Bessent’s post didn’t just set Crypto Twitter on fire; it marked a monumental shift in how policymakers view the number-one crypto. It’s a far cry from the days when Bitcoin lurked in the margins, constantly […] The post Washington does a 180 as Treasury Secretary Scott Bessent dubs Bitcoin ‘more resilient than ever’ appeared first on CryptoSlate.

The US Treasury could experience a surge in demand for government debt from the digital asset sector, potentially reaching $2 trillion over the next several years, according to Treasury Secretary Scott Bessent. Bessent made the statement during a House Financial Services Committee hearing on the global financial system, where he emphasized the growing financial relevance […] The post Treasury Secretary Scott Bessent sees stablecoins creating $2T in demand for government debt appeared first on CryptoSlate.