Stablecoins could top $2 trillion by 2028, says Treasury Secretary Bessent as US moves to regulate sector
The US stablecoins market represents 96% of the global $247 billion market. The GENIUS Act cleared a key hurdle this week after passing a cloture vote in the US Senate.…
US Treasury secretary nominee sees “no reason” for CBDC
Scott Bessent believes a CBDC is only for countries that have no other investment alternatives He adds that many countries are only issuing CBDCs “out of necessity” Scott Bessent, President-elect…
NYT: Trump reconsiders pro-crypto choices for Treasury Secretary, slows down his selection process
Trump is now considering Kevin Warsh and Marc Rowan for the US Treasury Secretary position Howard Lutnick is reportedly frustrating Trump by spending too much time with him to get…