US Treasury Secretary: Will end the regulatory crackdown on cryptocurrencies, and give a lot of thought to the stablecoin system
U.S. Treasury Secretary Scott Bessent stated at the Crypto Summit, "We will end the regulatory crackdown on digital assets. The actions of the Biden administration have done nothing but punish innovators and we will give a lot of thought to the stablecoin system. As directed by Trump, we will maintain America's dominant reserve currency status in the world. We will achieve this through stablecoins. Technology is fundamental to President Trump; he embraces technology and will use it to drive America forward."
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