Last week, the Fed, as expected, raised interest rates by 25 basis points. This was the first rate hike since 2023, and …
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Tag:
Bessent
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Finance
Treasury Secretary Scott Bessent champions dollar dominance across global markets and stablecoins
by shayaanby shayaanTreasury Secretary Scott Bessent leant on stablecoin adoption and dollar-denominated trade metrics to defend the strength of the U.S. economy, seeking to …
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US Treasury Secretary Scott Bessent has delivered an unusually direct warning to currency traders betting against the Japanese yen, saying: “I am …
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Regulation
Bessent backs summer push for Clarity Act, says bitcoin reserve moving at ‘deliberate speed’
by shayaanby shayaanTreasury Secretary Scott Bessent said the department is moving at a “deliberate speed” to establish a strategic bitcoin reserve while continuing to …
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Finance
Scott Bessent warns of US manufacturing vulnerabilities at Reagan Forum, ties economic resilience to digital asset strategy
by shayaanby shayaanUS Treasury Secretary Scott Bessent took the stage at the Ronald Reagan Presidential Library this week with a message that was equal …
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Scams
Treasury Secretary Bessent Says US Has ‘Grabbed’ $1 Billion in Crypto From Iran
by shayaanby shayaanIn brief Treasury Secretary Scott Bessent said on Friday that the U.S. has seized roughly $1 billion worth of cryptocurrencies from Iran. …
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Finance
Treasury Secretary Scott Bessent Says the US Is Targeting Iran’s Access to Crypto
by shayaanby shayaanUS Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to …
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Finance
Bessent tells Fed to ‘wait and see’ on cuts as war-driven inflation clouds Bitcoin
by shayaanby shayaanTreasury Secretary Scott Bessent’s call for the Fed to hold off on rate cuts reflects a problem that reaches far beyond Washington: …
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Smart Contracts
Powell, Bessent Warn Banks About Security Risks From Anthropic’s Mythos AI: Bloomberg
by shayaanby shayaanIn short US officials warned major banks about cybersecurity risks associated with Anthropic’s Mythos AI model. Bloomberg reports. The system can reportedly …
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Regulation
Treasury Secretary Bessent Slams Crypto Industry ‘Nihilists’ as Clarity Act Remains in Limbo
by shayaanby shayaanIn brief Treasury Secretary Scott Bessent criticized some crypto leaders as “nihilists” for resisting the stalled Clarity Act. The bill remains stuck …
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