Treasury Secretary Says U.S. Should Lead in Digital Asset Market

During a House Financial Services Committee hearing on Wednesday, Treasury Secretary Scott Bessent emphasized the importance of the United States becoming the leading global center for digital assets.
He pointed to ongoing efforts in both the House and Senate to develop a clear and effective market structure for cryptocurrencies, suggesting that well-crafted U.S. regulations could set a standard for global best practices.
The hearing took place amid heightened debate over how Congress should approach crypto legislation, as the industry seeks regulatory clarity and international competitiveness.