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Sec Commissioner Hester Peirce discusses the implementation of Cryptocurrency and ‘Claman Countdown’.
Secretary of the Treasury Scott bet On Wednesday, the Trump administration explained how to approach the regulation of the digital asset industry at a congressional meeting.
Bessent testified before the House Finance Services Committee in connection with the International Finance System, and the management wants Digital assets The industry will come to the United States and play the role of global leadership in the sector.
“We believe that the United States must be a head for digital assets,” he said.
“Our goal is to reshore firms, reshore, reshore, or digital asset in the United States and to promote the best practices that make digital active innovation and experience here without the influence of global industry.” “The leadership efforts to promote clear regulation frames for digital assets will continue to reject public sector solutions between all borders and distorting private sector solutions and stiph competition.”
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Treasury Secretary Scott Bessent said that the US economy will benefit from a strong digital asset industry. (Kayla Bartkowski / Getty Images / Getty Images)
A deputy asked what the negative impacts on the Secretary of the Treasury will take the role of leadership in the regulation of the US digital asset industry.
“Well, a large number of things can occur, Sir, as we have seen under the previous management,” he said. “An integrated ecosystem, unregulated and reenegade, outside the United States, and illegal actors have abused the value of these transfer systems, and there is a technological damage.”
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Bessent said the United States is working on regulatory frames for digital assets such as Bitcoin. (Via Karen Bleier / AFP Getty Images) / Getty Images)
Bessent said they were talking about conversations with financial industrial regulators Digital Active Rules and the role where the United States can play in the industry.
“They believe that this is very important that there is a chance that the United States is a little concerned about the fact that I would like to restore the leadership here and that digital assets can provide an important source of digital assets Requiring US dollars“Bessent said.
In terms of forms of adjustable regulations that can be applied to digital assets, there are existing frames for Bessent Financial rules can be applied to the industry.
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“I think I think that we will have laws on the law regulation and the laws around the world, and then 70% of the countries will be a yes / no.
Bessent added that he recently reports to the president in reports to the president in this regard, “Thus, we want to work with new companies and entrepreneurs, as well as entrepreneurs and the financial industry.
