US Treasury Secretary Bessent: Cryptocurrency Set to Become a New Instrument for the US to Bolster Global Dominance of the US Dollar
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At Ripple's conference, US Treasury Secretary Bessent declared that, despite the Clarity Act not having been ratified, regulatory measures from the US Securities and Exchange Commission and the Commodity Futures Trading Commission are anticipated to step in and address the regulatory gap caused by the bill's non-passage, effectively curbing the trend of banks discontinuing financial services to cryptocurrency companies. Bessent further highlighted that, with technology emerging as a pivotal driver of US economic clout, digital assets are poised to play a role in reinforcing the global supremacy of the US dollar.