U.S. Treasury Secretary Scott Bessent has moved to reassure markets that Washington is still pursuing plans to grow its Strategic Bitcoin Reserve, despite earlier remarks that sparked a rapid sell-off. In an X post on Thursday, Bessent said the Treasury remains “committed to exploring budget-neutral pathways” to purchase Bitcoin, reiterating ...
Scott Bessent, United States Secretary of the Treasury, recently sparked controversy by asserting that the global cryptocurrency industry “needs American leadership” to thrive. His comments followed the Senate’s failure to advance the GENIUS Act, a bill establishing a federal framework for stablecoins and digital assets. Bessent criticised lawmakers who blocked ...
U.S. Treasury Secretary Scott Bessent expressed support for two major crypto-related bills currently moving through Congress, signalling the Biden administration’s alignment with Republican-led efforts to make the United States a global hub for digital assets. Speaking before the House Financial Services Committee on May 7, Bessent emphasized the importance of ...
Secretary of the Treasury Scott K.H. Bessent is set to travel to Switzerland on May 8 for high-level discussions aimed at strengthening the United States’ economic security and international economic relations. In a statement ahead of his trip, Secretary Bessent emphasized the importance of economic security as a cornerstone of ...
The U.S. Senate confirmed billionaire hedge fund manager Scott Bessent as Treasury Secretary with a 68-29 vote on January 27, according to Reuters. Notably, 16 Democrats sided with Republicans to support the nomination, representing a significant victory for President Donald Trump's administration. Bessent, a 62-year-old from Tennessee, is a staunch ...
