U.S. Is ‘Going Big’ on Crypto, Treasury Secretary Bessent Says
U.S. Treasury Secretary Scott Bessent told Bloomberg earlier this Friday that the world’s largest economy is “going big” on digital assets.
According to Bessent, a lot of companies were “starved” and almost pushed to extinction by the previous administration.
The new administration is focused on promoting crypto growth while applying the highest regulatory standards, according to Bessent.
“So, what we want to do is to apply the highest US regulatory AML standards to digital assets, especially stablecoins,” he stressed.
Speaking of stablecoins, Bessent said that stablecoins could create roughly $2 trillion worth of demand for U.S. Treasuries and…
