US Treasury Secretary, Scott Payette In an interview with the Squawk box from CNBC. He stressed that it is important for the United States to lead the technological and economic developments in this sector to maintain its financial dominance.
His remarks come at a time that President Donald Trump is following a new strategy for digital assets. This includes the creation of Bitcoin strategic reserves and a stock of digital assets. Instead of the auction of the sources of confiscated cryptocurrencies, the new plan includes keeping it in a government reserve box. Bessent explained that after compensating the victims, excess digital assets will not be sold, but rather is managed strategically in the long run.
The other main aspect of Bessent’s vision is the increased dependence on Stablecoins to support the global domination of the US dollar. He sees them as a vital tool to maintain the American monetary impact in the digital age.
These developments come before the summit of digital assets in the next White House, where the main numbers of the encryption industry and government officials will discuss the future of digital assets in the United States, and it seems that the current administration is taking a more open position towards encrypted currencies of its ancestors. While previous organizational methods were often restricted, the new strategy focuses on integration and control – demanding the situation of the United States as a leading nation in the encryption sector.
This shift can have profound effects on global financial markets. The question remains whether the United States will successfully demand its leadership role in digital currencies – or whether other countries, such as China and the European Union, will strike it.
