BlockBeats news, on May 8, U.S. Treasury Secretary Scott Bansen recently stated that the United States 'should become the preferred destination for digital assets.' This statement comes as lawmakers engage in intense debates over the establishment of a regulatory framework for cryptocurrencies.
Bansen, during a hearing before the House Financial Services Committee on Wednesday, was asked why the U.S. needs to 'maintain a leading position' in the crypto space. 'We firmly believe that the U.S. should become the preferred destination for digital assets,' Bansen responded, 'just as this committee and our Senate colleagues are striving to achieve - to establish a sound market structure - so that American industry standards become a global model.'