‼️ Secretary of the Treasury 🇺🇸 Scott Bessent:

We believe that the United States should be the leading destination for digital assets. To achieve this, as members of this committee and the Senate are striving to do, an effective market structure needs to be established, in which best practices will be applied and become the global standard.

In essence, the issue lies in the fact that the United States needs to proactively set the leading practices, rather than allowing other countries to lead and create gaps that we then have to work to fill. We want the United States to be the country that sets the pace, not the one that follows.

Digital assets are not only a new growth area but also a significant source of innovation that can drive the expanded use of the U.S. dollar globally. A specific example is stablecoins, which are estimated to be linked to bond purchases of up to $2 trillion — more than both Japan and China combined.