The U.S. wants to dominate #cripto !
Scott Bessent states that the United States must be the epicenter of digital assets
On May 7, 2025, during a hearing of the House Financial Services Committee, U.S. Treasury Secretary Scott Bessent stated that the United States should position itself as "the primary destination for digital assets."
Bessent, appointed by President #DonaldTrump and confirmed in January, highlighted the need to create a robust regulatory framework that fosters U.S. best practices and extends globally, at a time when lawmakers are debating how to regulate cryptocurrencies.
As part of the Presidential Task Force on Digital Asset Markets, created by an executive order on #TRUMP on January 23, Bessent reaffirmed his pro-crypto vision, insisting that the crypto economy "is here to stay."
His statements indicate a shift towards a more proactive and favorable approach to cryptocurrencies in the U.S., which could attract innovation and investment to the country, although regulatory challenges and concerns about the centralization of the global digital asset market persist.
On Thursday, the Senate will vote on a standalone bill to regulate stablecoins. This has also sparked controversy among some Democrats. On Saturday, Democratic senators Rubén Gallego, Mark Warner, Raphael Warnock, Lisa Blunt Rochester, and others issued a statement warning that the current version of the bill contains multiple unresolved issues.
