In a recent statement, Treasury Secretary Bessent emphasized the potential of stablecoins to reinforce the dominance of the U.S. dollar in the global financial system. He argued that stablecoins, digital assets pegged to fiat currencies like the dollar, could enhance the dollar’s reach and utility in international markets. Crypto ...
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 ...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development in an official statement published on Tuesday, November 21, 2023. The ...
