🚨 US Treasury Secretary Scott Bessent says crypto is now key to defending the dollar's global dominance!
Speaking at Ripple's Swell conference in New York, Bessent said America's technological strength — not just its military power — will decide the future of the reserve currency. With the Clarity Act stalled in Congress, he says the Treasury will work with the SEC and CFTC to close regulatory gaps and stop banks cutting off crypto firms.
Over 90% of stablecoins are already dollar-backed — and Bessent argues their growth could boost demand for US Treasuries too.
Is crypto now America's new "technological umbrella"? 👀
Follow @zimbuckapp for verified crypto and stocks news daily.
🔗 zimbuck.com | info@zimbuck.com
#Crypto #Bitcoin #Stablecoins #Dollar #Treasury #Bessent #FinanceNews #Zimbuck
Speaking at Ripple's Swell conference in New York, Bessent said America's technological strength — not just its military power — will decide the future of the reserve currency. With the Clarity Act stalled in Congress, he says the Treasury will work with the SEC and CFTC to close regulatory gaps and stop banks cutting off crypto firms.
Over 90% of stablecoins are already dollar-backed — and Bessent argues their growth could boost demand for US Treasuries too.
Is crypto now America's new "technological umbrella"? 👀
Follow @zimbuckapp for verified crypto and stocks news daily.
🔗 zimbuck.com | info@zimbuck.com
#Crypto #Bitcoin #Stablecoins #Dollar #Treasury #Bessent #FinanceNews #Zimbuck
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