U.S. Treasury Secretary Criticizes Crypto Market Participants Opposing Regulation

U.S. Treasury Secretary Bessent has publicly criticized individuals in the cryptocurrency market who resist regulatory reform, referring to them as 'nihilists.' According to NS3.AI, Bessent suggested that those opposing strong market structure legislation might consider relocating to countries such as El Salvador, where crypto regulation is less stringent. This statement highlights the Treasury's firm stance on the necessity of implementing robust regulations in the crypto market.