US Treasury Secretary expresses support for crypto bills at hearing

Speaking at a hearing, US Treasury Secretary Scott Bessent toed the party line in suggesting support for two crypto-related bills moving through Congress. Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary added that “good market structure” and “stablecoin legislation” could help ensure this outcome. US Treasury Secretary speaking at a May 7 hearing source: https://cointelegraph.com/news/us-treasury-secretary-crypto-bills-during-hearing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound