US Should Take ‘Worldwide Lead in Crypto’
Treasury Secretary Scott Bessent said Friday (March 7) that he is a “big proponent of the U.S. taking the worldwide lead in crypto.”
Speaking on CNBC’s “Squawk Box,” Bessent said the U.S. needs to bring cryptocurrency onshore and use the country’s best practices and regulation.
Bessent said this a day after President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile.
Speaking with CNBC on Friday, Bessent said these entities were established to stop the selling of digital assets that have been seized by the government, as has been done in the past, and to keep them in these reserves.
“And then we’ll see what the way forward is for more…
