Treasury’s Bessent backs crypto as a tool to keep the dollar on top
AI summary
U.S. Treasury Secretary Bessent said at Ripple's conference that crypto can help keep the dollar dominant globally. He pointed to SEC and CFTC action as a way to fill the regulatory gap left by the Clarity Act's failure and to curb crypto debanking. Traders would read this as a top-level official endorsing crypto's strategic role, a supportive signal for U.S. digital-asset policy even without a specific rule change.
