ScottBessent
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🔥 Scott Bessent’s Bombshell — Market Braces for a Shock 💥
💣 Scott Bessent, one of the sharpest minds in global finance, just dropped a series of bold predictions that are turning heads everywhere. His words? Not whispers — shockwaves. He’s calling out major shifts that could shake traditional markets and crypto alike.
⚡ Traders are already buzzing, wondering if his outlook signals a storm or a golden window of opportunity. When someone with his track record speaks, the world listens — and the market reacts.
🧠 This isn’t just another hot take. It might be the spark that lights up new strategies for both institutional players and everyday investors.
Do you think Bessent’s predictions are hype or a real warning sign? 🤔
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#ScottBessent #Markets #CryptoNews #Write2Earn #BinanceSquare
💣 Scott Bessent, one of the sharpest minds in global finance, just dropped a series of bold predictions that are turning heads everywhere. His words? Not whispers — shockwaves. He’s calling out major shifts that could shake traditional markets and crypto alike.
⚡ Traders are already buzzing, wondering if his outlook signals a storm or a golden window of opportunity. When someone with his track record speaks, the world listens — and the market reacts.
🧠 This isn’t just another hot take. It might be the spark that lights up new strategies for both institutional players and everyday investors.
Do you think Bessent’s predictions are hype or a real warning sign? 🤔
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#ScottBessent #Markets #CryptoNews #Write2Earn #BinanceSquare
US Treasury Secretary Urges World Bank to Halt Funding for China
US Treasury Secretary Scott Bessent has urged the World Bank and other global lenders to stop offering financial aid to China, arguing that the world’s second-largest economy no longer qualifies as a developing nation. He said continued funding diverts resources from poorer countries that genuinely need support.
Bessent also criticized the World Bank and IMF for straying from their original focus on financial stability, calling for stricter lending rules, greater transparency, and reforms to prevent loans to countries with unfair trade practices or opaque economies.
His comments reflect a broader US strategy to curb China’s influence in global financial institutions — a move that could reshape international aid distribution and spark political pushback among member states.
#USTreasury #ScottBessent #WorldBank #China #GlobalEconomy $BTC
US Treasury Secretary Scott Bessent has urged the World Bank and other global lenders to stop offering financial aid to China, arguing that the world’s second-largest economy no longer qualifies as a developing nation. He said continued funding diverts resources from poorer countries that genuinely need support.
Bessent also criticized the World Bank and IMF for straying from their original focus on financial stability, calling for stricter lending rules, greater transparency, and reforms to prevent loans to countries with unfair trade practices or opaque economies.
His comments reflect a broader US strategy to curb China’s influence in global financial institutions — a move that could reshape international aid distribution and spark political pushback among member states.
#USTreasury #ScottBessent #WorldBank #China #GlobalEconomy $BTC
US Treasury Secretary Bessent urges the World Bank to end support for China Elaborate
US Treasury Secretary Scott Bessent has called on the World Bank and other global financial institutions to stop providing financial support to China. He argued that China, as the world’s second-largest economy, no longer qualifies as a developing country and should therefore not receive concessional loans. According to Bessent, continuing to fund China takes resources away from poorer countries that genuinely need development assistance.
He also criticized the World Bank and the International Monetary Fund for moving away from their original goals of maintaining global financial stability, saying they have become too focused on social and political issues. Bessent urged for stricter lending rules, more transparency, and reforms to ensure that loans are not given to countries with unfair trade practices or opaque economic systems.
His remarks reflect a broader US effort to rebalance its economic relationship with China and limit Beijing’s influence in international institutions. If adopted, this approach could restrict China’s access to multilateral funding and change how global aid is distributed, though it would likely trigger political resistance and debate among member nations.
#USTreasury $BTC #ScottBessent #ChinaTrade
#WorldBank #GlobalEconomy
$ETH
US Treasury Secretary Scott Bessent has called on the World Bank and other global financial institutions to stop providing financial support to China. He argued that China, as the world’s second-largest economy, no longer qualifies as a developing country and should therefore not receive concessional loans. According to Bessent, continuing to fund China takes resources away from poorer countries that genuinely need development assistance.
He also criticized the World Bank and the International Monetary Fund for moving away from their original goals of maintaining global financial stability, saying they have become too focused on social and political issues. Bessent urged for stricter lending rules, more transparency, and reforms to ensure that loans are not given to countries with unfair trade practices or opaque economic systems.
His remarks reflect a broader US effort to rebalance its economic relationship with China and limit Beijing’s influence in international institutions. If adopted, this approach could restrict China’s access to multilateral funding and change how global aid is distributed, though it would likely trigger political resistance and debate among member nations.
#USTreasury $BTC #ScottBessent #ChinaTrade
#WorldBank #GlobalEconomy
$ETH
💥 U.S. Treasury Secretary Bessent Calls on the World Bank to End Support for China 🌏
In a bold statement, U.S. Treasury Secretary Scott Bessent urged the World Bank and other international financial institutions to halt concessional funding to China, arguing that the world’s second-largest economy should no longer be treated as a developing nation.
Bessent emphasized that continued lending to China diverts vital resources away from poorer countries that genuinely need assistance. He also accused the World Bank and IMF of straying from their original missions of ensuring global financial stability, focusing too heavily on political and social agendas instead.
He called for stricter lending standards, greater transparency, and reforms to ensure that countries with unfair trade practices or opaque systems do not benefit from global aid programs.
📊 Analysts see this as part of a broader U.S. strategy to rebalance economic ties with China and limit Beijing’s influence in multilateral institutions. If these reforms move forward, China’s access to global development funds could be sharply reduced — setting the stage for a major policy debate among member nations.
#USTreasury #ScottBessent #ChinaTrade #WorldBank #GlobalEconomy $XRP $BNB $BTC
In a bold statement, U.S. Treasury Secretary Scott Bessent urged the World Bank and other international financial institutions to halt concessional funding to China, arguing that the world’s second-largest economy should no longer be treated as a developing nation.
Bessent emphasized that continued lending to China diverts vital resources away from poorer countries that genuinely need assistance. He also accused the World Bank and IMF of straying from their original missions of ensuring global financial stability, focusing too heavily on political and social agendas instead.
He called for stricter lending standards, greater transparency, and reforms to ensure that countries with unfair trade practices or opaque systems do not benefit from global aid programs.
📊 Analysts see this as part of a broader U.S. strategy to rebalance economic ties with China and limit Beijing’s influence in multilateral institutions. If these reforms move forward, China’s access to global development funds could be sharply reduced — setting the stage for a major policy debate among member nations.
#USTreasury #ScottBessent #ChinaTrade #WorldBank #GlobalEconomy $XRP $BNB $BTC
US Treasury Secretary Bessent urges the World Bank to end support for China Elaborate
US Treasury Secretary Scott Bessent has called on the World Bank and other global financial institutions to stop providing financial support to China. He argued that China, as the world’s second-largest economy, no longer qualifies as a developing country and should therefore not receive concessional loans. According to Bessent, continuing to fund China takes resources away from poorer countries that genuinely need development assistance.
He also criticized the World Bank and the International Monetary Fund for moving away from their original goals of maintaining global financial stability, saying they have become too focused on social and political issues. Bessent urged for stricter lending rules, more transparency, and reforms to ensure that loans are not given to countries with unfair trade practices or opaque economic systems.
His remarks reflect a broader US effort to rebalance its economic relationship with China and limit Beijing’s influence in international institutions. If adopted, this approach could restrict China’s access to multilateral funding and change how global aid is distributed, though it would likely trigger political resistance and debate among member nations.
#USTreasury #ScottBessent #ChinaTrade
#WorldBank #GlobalEconomy
US Treasury Secretary Scott Bessent has called on the World Bank and other global financial institutions to stop providing financial support to China. He argued that China, as the world’s second-largest economy, no longer qualifies as a developing country and should therefore not receive concessional loans. According to Bessent, continuing to fund China takes resources away from poorer countries that genuinely need development assistance.
He also criticized the World Bank and the International Monetary Fund for moving away from their original goals of maintaining global financial stability, saying they have become too focused on social and political issues. Bessent urged for stricter lending rules, more transparency, and reforms to ensure that loans are not given to countries with unfair trade practices or opaque economic systems.
His remarks reflect a broader US effort to rebalance its economic relationship with China and limit Beijing’s influence in international institutions. If adopted, this approach could restrict China’s access to multilateral funding and change how global aid is distributed, though it would likely trigger political resistance and debate among member nations.
#USTreasury #ScottBessent #ChinaTrade
#WorldBank #GlobalEconomy
加密陈队长:
6
📈 Treasury Secretary Bessent's Bold Prediction: US Economy Poised for Massive Growth
US Treasury Secretary Scott Bessent delivered a strong message of optimism, stating the nation is "about to see major gains in investment, productivity, and job growth across America."
This comment from the 79th Treasury Secretary underscores the administration's belief in a rapidly accelerating economic future. Here's a breakdown of what this could mean:
1.Investment Surge: Expect policies designed to incentivize both domestic and international capital expenditure, potentially fueling tech and infrastructure sectors.
2.Productivity Gains: A focus on productivity often signals advancements in technology and efficiency, which can lead to higher corporate profits and lower inflation pressure.
3.Job Market Expansion: Major job growth suggests strong consumer demand and increased purchasing power in the near future.
4.This kind of forward-looking statement from the Treasury often moves markets. Keep an eye on the DXY and US equity futures.
How will this projected surge in US growth impact your crypto portfolio? Share your thoughts!
#ScottBessent #EconomicForecast #Productivity #GlobalMarkets #crypto
US Treasury Secretary Scott Bessent delivered a strong message of optimism, stating the nation is "about to see major gains in investment, productivity, and job growth across America."
This comment from the 79th Treasury Secretary underscores the administration's belief in a rapidly accelerating economic future. Here's a breakdown of what this could mean:
1.Investment Surge: Expect policies designed to incentivize both domestic and international capital expenditure, potentially fueling tech and infrastructure sectors.
2.Productivity Gains: A focus on productivity often signals advancements in technology and efficiency, which can lead to higher corporate profits and lower inflation pressure.
3.Job Market Expansion: Major job growth suggests strong consumer demand and increased purchasing power in the near future.
4.This kind of forward-looking statement from the Treasury often moves markets. Keep an eye on the DXY and US equity futures.
How will this projected surge in US growth impact your crypto portfolio? Share your thoughts!
#ScottBessent #EconomicForecast #Productivity #GlobalMarkets #crypto
🌍💥 Big News!
Treasury Secretary Scott Bessent just dropped a game-changer: a 100% tariff on China isn’t set in stone! There’s still room for smart diplomacy and deal-making. 🤝
This could soften global market tensions and flip the script on the trade war. Keep your eyes peeled — big shifts might be on the horizon!
#TradeTalks #Diplomacy #GlobalMarkets #Tariffs #ScottBessent
Treasury Secretary Scott Bessent just dropped a game-changer: a 100% tariff on China isn’t set in stone! There’s still room for smart diplomacy and deal-making. 🤝
This could soften global market tensions and flip the script on the trade war. Keep your eyes peeled — big shifts might be on the horizon!
#TradeTalks #Diplomacy #GlobalMarkets #Tariffs #ScottBessent
U.S. Sells $22 Billion in Bonds as Wall Street Loses Its Appetite for Treasuries
U.S. Treasury Secretary Scott Bessent announced a successful sale of $22 billion in 30-year Treasury bonds, but the results also revealed a surprising record — the lowest participation of primary dealers in the past 18 years.
Record-Low Interest from Major Dealers
According to data from the Federal Reserve and the U.S. Treasury Department, primary dealers — the large trading firms required to participate in every auction — purchased only 8.7% of the issued bonds. That marks the lowest share since records began in 2006.
The remainder of the issuance was absorbed by institutional investors:
🔹 Direct bidders – placed their orders directly with the Treasury.
🔹 Indirect bidders – purchased through primary dealers but did not keep the bonds in their custody.
Bloomberg Intelligence analyst Will Hoffman nevertheless described the demand as “solid,” explaining that strong institutional interest left fewer bonds available for dealers.
A Two-Decade Decline in Dealer Participation
Participation by major dealers in Treasury auctions has been steadily declining for nearly twenty years.
Before the 2008 financial crisis, they routinely bought over half of each issuance, but their activity has since dropped sharply.
Experts point to two main reasons:
🔹 The U.S. bond market has expanded much faster than the balance sheets of securities dealers, making it harder for them to hold large amounts of debt.
🔹 The rise of passive investment funds, which automatically buy Treasuries to match index benchmarks — reducing the need for traditional dealers in auctions.
Fed Research: Trading Volume Surges 58% at Month-End
A study by the Federal Reserve Bank of New York found that U.S. Treasury trading volumes rise by 58% on the final day of each month. The reason: index rebalancing, when new bonds are added and those nearing maturity are removed.
Economists Michael Fleming, Jonathan Palash-Mizner, and Or Shachar noted that this trend is crucial for both market strategy and policy oversight, as it affects liquidity and execution timing.
China Cuts Yields in Short-Term Bond Auctions
While the U.S. sold long-term securities, China’s Ministry of Finance conducted short-term auctions of its own.
📉 28-day bonds were priced at 99.925 yuan with a yield of 0.98% — the lowest since January.
📉 63-day bonds yielded 1.17%, also a yearly low.
Strong demand reflected investors’ return to the market after Golden Week holidays, as banks quickly redeployed excess cash into government securities.
Summary
The United States continues to expand its Treasury issuance while the market undergoes a structural transformation. Participation by traditional dealers keeps shrinking, as institutional and passive investors take the lead.
Across the Pacific, China is boosting liquidity through short-term bond sales — creating a striking contrast between America’s long-term borrowing strategy and China’s short-term liquidity management.
#ScottBessent , #Fed , #FederalReserve , #WallStreet , #globaleconomy
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Record-Low Interest from Major Dealers
According to data from the Federal Reserve and the U.S. Treasury Department, primary dealers — the large trading firms required to participate in every auction — purchased only 8.7% of the issued bonds. That marks the lowest share since records began in 2006.
The remainder of the issuance was absorbed by institutional investors:
🔹 Direct bidders – placed their orders directly with the Treasury.
🔹 Indirect bidders – purchased through primary dealers but did not keep the bonds in their custody.
Bloomberg Intelligence analyst Will Hoffman nevertheless described the demand as “solid,” explaining that strong institutional interest left fewer bonds available for dealers.
A Two-Decade Decline in Dealer Participation
Participation by major dealers in Treasury auctions has been steadily declining for nearly twenty years.
Before the 2008 financial crisis, they routinely bought over half of each issuance, but their activity has since dropped sharply.
Experts point to two main reasons:
🔹 The U.S. bond market has expanded much faster than the balance sheets of securities dealers, making it harder for them to hold large amounts of debt.
🔹 The rise of passive investment funds, which automatically buy Treasuries to match index benchmarks — reducing the need for traditional dealers in auctions.
Fed Research: Trading Volume Surges 58% at Month-End
A study by the Federal Reserve Bank of New York found that U.S. Treasury trading volumes rise by 58% on the final day of each month. The reason: index rebalancing, when new bonds are added and those nearing maturity are removed.
Economists Michael Fleming, Jonathan Palash-Mizner, and Or Shachar noted that this trend is crucial for both market strategy and policy oversight, as it affects liquidity and execution timing.
China Cuts Yields in Short-Term Bond Auctions
While the U.S. sold long-term securities, China’s Ministry of Finance conducted short-term auctions of its own.
📉 28-day bonds were priced at 99.925 yuan with a yield of 0.98% — the lowest since January.
📉 63-day bonds yielded 1.17%, also a yearly low.
Strong demand reflected investors’ return to the market after Golden Week holidays, as banks quickly redeployed excess cash into government securities.
Summary
The United States continues to expand its Treasury issuance while the market undergoes a structural transformation. Participation by traditional dealers keeps shrinking, as institutional and passive investors take the lead.
Across the Pacific, China is boosting liquidity through short-term bond sales — creating a striking contrast between America’s long-term borrowing strategy and China’s short-term liquidity management.
#ScottBessent , #Fed , #FederalReserve , #WallStreet , #globaleconomy
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
BREAKING:
🇺🇸 SCOTT BESSENT SAYS US TREASURY READY TO TAKE IMMEDIATE EXCEPTIONAL MEASURES TO ENSURE MARKET STABILITY.
BULLISH FOR CRYPTO 🚀
#Crypto #ScottBessent
#Write2Earn
🇺🇸 SCOTT BESSENT SAYS US TREASURY READY TO TAKE IMMEDIATE EXCEPTIONAL MEASURES TO ENSURE MARKET STABILITY.
BULLISH FOR CRYPTO 🚀
#Crypto #ScottBessent
#Write2Earn
Donald Trump is pressing for steep interest rate cuts — but some of his closest advisers have even bigger ambitions.
Scott Bessent, one of Trump’s economic allies, is pushing for structural reforms that could reshape the Federal Reserve from within.
If those ideas gain traction, it wouldn’t just tweak policy — it could redefine how America’s central bank operates.
What would that mean for the Fed’s independence?
#DonaldTrump #TRUMP $TRUMP $WLFI #MarketPullback #ScottBessent
Scott Bessent, one of Trump’s economic allies, is pushing for structural reforms that could reshape the Federal Reserve from within.
If those ideas gain traction, it wouldn’t just tweak policy — it could redefine how America’s central bank operates.
What would that mean for the Fed’s independence?
#DonaldTrump #TRUMP $TRUMP $WLFI #MarketPullback #ScottBessent
🚨 Breaking News:
Scott Bessent has confirmed that the U.S. government will continue holding and buying more Bitcoin. 🇺🇸
Governments are stacking — you know what’s next⚡, the future becomes clear.
#ScottBessent #usa $BTC $XPL #BNBmemeszn #KlinkBinanceTGE #MarketPullback
Scott Bessent has confirmed that the U.S. government will continue holding and buying more Bitcoin. 🇺🇸
Governments are stacking — you know what’s next⚡, the future becomes clear.
#ScottBessent #usa $BTC $XPL #BNBmemeszn #KlinkBinanceTGE #MarketPullback
🇺🇸 Treasury Secretary Scott Bessent: U.S. Holds $17B in Bitcoin, Will Not Sell, and Plans to Continue Accumulating
In a recent television interview, Treasury Secretary Scott Bessent revealed that the U.S. government holds approximately $17 billion in Bitcoin, primarily acquired through confiscated assets. He emphasized that the government has no plans to sell this Bitcoin and intends to continue accumulating more through budget-neutral pathways. Bessent clarified in a subsequent post on X (formerly Twitter) that the Treasury Department is committed to exploring ways to expand its Bitcoin reserve without impacting the federal budget.
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▫️ Follow for Crypto Insights & Market Trends
#BitcoinReserve #USTreasury #CryptoPolicy #ScottBessent #DigitalAssets $BTC
In a recent television interview, Treasury Secretary Scott Bessent revealed that the U.S. government holds approximately $17 billion in Bitcoin, primarily acquired through confiscated assets. He emphasized that the government has no plans to sell this Bitcoin and intends to continue accumulating more through budget-neutral pathways. Bessent clarified in a subsequent post on X (formerly Twitter) that the Treasury Department is committed to exploring ways to expand its Bitcoin reserve without impacting the federal budget.
-
▫️ Follow for Crypto Insights & Market Trends
#BitcoinReserve #USTreasury #CryptoPolicy #ScottBessent #DigitalAssets $BTC
💣 Scott Bessent Suddenly Quits — Is His Billion-Dollar Fund on the Brink? 😱📉
👀 Insiders are panicking after Bessent’s quiet exit. Whispers of collapse, vanishing assets, and deeper trouble ahead are spreading fast.
💬 Is this the first crack in a major financial quake?
#ScottBessent #FundCollapseRumors #MarketWatch #Write2Earn #BinanceSquare
👀 Insiders are panicking after Bessent’s quiet exit. Whispers of collapse, vanishing assets, and deeper trouble ahead are spreading fast.
💬 Is this the first crack in a major financial quake?
#ScottBessent #FundCollapseRumors #MarketWatch #Write2Earn #BinanceSquare
💥 Bessent Blames Zelensky for Blowing Up U.S.–Ukraine Deal?! 😳📉
🗣️ In a fiery statement, investor Scott Bessent has accused Zelensky of derailing a major U.S.–Ukraine economic deal, claiming the Ukrainian leader’s demands made the agreement “impossible.”
💼 The deal was reportedly aimed at boosting Ukraine’s post-war economy, but Bessent says Zelensky pushed too hard — turning potential allies into skeptics at a critical moment.
🌍 The fallout could be big, especially as global support for Ukraine starts to show cracks. Economic ties matter — and losing U.S. investor confidence isn’t a good sign.
🤔 Is this a case of strong leadership or self-sabotage? Could this sour future deals?
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#Zelensky #UkraineEconomy #ScottBessent #Write2Earn #BinanceSquare
🗣️ In a fiery statement, investor Scott Bessent has accused Zelensky of derailing a major U.S.–Ukraine economic deal, claiming the Ukrainian leader’s demands made the agreement “impossible.”
💼 The deal was reportedly aimed at boosting Ukraine’s post-war economy, but Bessent says Zelensky pushed too hard — turning potential allies into skeptics at a critical moment.
🌍 The fallout could be big, especially as global support for Ukraine starts to show cracks. Economic ties matter — and losing U.S. investor confidence isn’t a good sign.
🤔 Is this a case of strong leadership or self-sabotage? Could this sour future deals?
Don’t forget to follow, like with love ❤️, to encourage us to keep you updated and share to help us grow together!
#Zelensky #UkraineEconomy #ScottBessent #Write2Earn #BinanceSquare
🚨REMINDER: 🇺🇸 Scott #Bessent says Jerome #Powell's replacement has been selected!
#ScottBessent #JeromePowell
#ScottBessent #JeromePowell
📣Happening Now
🗣️The US Senate approves the confirmation of #ScottBessent as Secretary of the #Treasury 👀
#Write2Earn #Secretary $BTC
🗣️The US Senate approves the confirmation of #ScottBessent as Secretary of the #Treasury 👀
#Write2Earn #Secretary $BTC
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BREAKING: 🇺🇸🇨🇳 U.S. Treasury Secretary Scott Bessent says it's up to China to decide whether it wants to be a reliable partner.
#china #EEUU #ScottBessent #Inversiones #MarketPullback $USDC
#china #EEUU #ScottBessent #Inversiones #MarketPullback $USDC
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The United States will use stablecoin to ensure the dominance of the dollar — Scott Bessent
President Trump and Scott Bessent both called for a comprehensive regulatory framework for stablecoins and a clear regulatory environment.
U.S. Treasury Secretary Scott Bessent stated that the U.S. government would use stablecoin to ensure that the U.S. dollar remains the world's reserve currency at the cryptocurrency summit at the White House on March 7.
Bessent reiterated the Trump administration's commitment to ending the war on cryptocurrency and vowed to repeal previous IRS guidance and punitive regulatory measures. He then turned his attention to stablecoins and said:
"We will carefully consider the stablecoin regime and, at the direction of President Trump, we will maintain the U.S. dollar as the dominant reserve currency in the world, and we will use stablecoin to achieve that."
President Trump stated at the summit that he hopes lawmakers will bring a comprehensive regulatory bill on stablecoins to his desk before the congressional recess in August.
The President also criticized the Biden administration for selling part of the seized Bitcoin, which he claimed caused billions of dollars in losses due to premature selling.
Many attendees at the first cryptocurrency summit at the White House remarked on the historic nature of this event, reinforcing the significant shift in the U.S. government's stance towards the digital asset industry. #ScottBessent
President Trump and Scott Bessent both called for a comprehensive regulatory framework for stablecoins and a clear regulatory environment.
U.S. Treasury Secretary Scott Bessent stated that the U.S. government would use stablecoin to ensure that the U.S. dollar remains the world's reserve currency at the cryptocurrency summit at the White House on March 7.
Bessent reiterated the Trump administration's commitment to ending the war on cryptocurrency and vowed to repeal previous IRS guidance and punitive regulatory measures. He then turned his attention to stablecoins and said:
"We will carefully consider the stablecoin regime and, at the direction of President Trump, we will maintain the U.S. dollar as the dominant reserve currency in the world, and we will use stablecoin to achieve that."
President Trump stated at the summit that he hopes lawmakers will bring a comprehensive regulatory bill on stablecoins to his desk before the congressional recess in August.
The President also criticized the Biden administration for selling part of the seized Bitcoin, which he claimed caused billions of dollars in losses due to premature selling.
Many attendees at the first cryptocurrency summit at the White House remarked on the historic nature of this event, reinforcing the significant shift in the U.S. government's stance towards the digital asset industry. #ScottBessent
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U.S. Treasury Secretary "wants to stay in his position and refuses Powell's position!"
#ScottBessent
U.S. Treasury Secretary Scott Bisent stated that he wishes to remain in his current position after a report emerged suggesting he is a candidate to succeed the Federal Reserve Chair.
When asked about the role he prefers, Bisent told the House Financial Services Committee that he holds one of the best positions in Washington, emphasizing that he is "happy to do what President (Donald) Trump wants me to do," and added: "I believe we are making great progress in the Treasury Department."
U.S. Treasury Secretary Scott Bisent stated that he wishes to remain in his current position after a report emerged suggesting he is a candidate to succeed the Federal Reserve Chair.
When asked about the role he prefers, Bisent told the House Financial Services Committee that he holds one of the best positions in Washington, emphasizing that he is "happy to do what President (Donald) Trump wants me to do," and added: "I believe we are making great progress in the Treasury Department."
JUST IN: President Trump says Treasury Secretary Scott Bessent is an option to replace Fed Chair Jerome Powell but also praises Bessent's current role. Trump's critical of Powell, especially over cost overruns in Fed building renovations, but notes he likes the job Bessent is doing. The formal process to select Powell’s successor has begun, with multiple candidates under consideration. Powell's term ends in May 2026, and Trump may nominate a new chair by late 2025.
#FedChair #JeromePowell #ScottBessent #TrumpNews #FederalReserve
#FedChair #JeromePowell #ScottBessent #TrumpNews #FederalReserve
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