Stablecoins: U.S. Treasury Proposes New GENIUS Act Rules to Define Oversight
TL;DR: The U.S. Treasury Department submitted a proposal to implement the GENIUS Act, establishing key definitions. The industry and the public have 60 days to submit
Scott Bessent (Latest Publications)
OFAC Freezes $130M in Iran-Linked Wallets
Treasury Secretary Scott Bessent said July 14 that Treasury’s Office of Foreign Assets Control sanctioned multiple digital-asset wallets tied to the Central Bank of Iran, resulting
Treasury’s Bessent Says Bitcoin Reserve Effort Is Advancing With “Deliberate Speed”
TL;DR: Bessent told the Senate the strategic Bitcoin reserve is moving with “deliberate speed” and following best practices. The U.S. Treasury currently holds 328,372 BTC valued
Bessent Eyes Summer Win for Clarity Act as Bitcoin Reserve Plans Advance
United States Treasury Secretary Scott Bessent confirmed before the Senate Finance Committee that the department is moving at a “deliberate speed” to establish the strategic Bitcoin
US Crypto Seizures Tied to Iran Hit $1 Billion, Says Bessent
The United States Secretary of the Treasury, Scott Bessent, announced that the US administration reached a cumulative total of approximately 1 billion dollars in Iranian cryptocurrency
Treasury Secretary Scott Bessent Urges Congress to Pass Crypto Market Clarity Act
U.S. Treasury Secretary Scott Bessent told Congress that passing the Digital Asset Market Clarity Act is necessary to turn the country into the global crypto hub.
Bessent Says U.S. Crypto Seizures Tied to Iran Now Approach $500M
TL;DR: Bessent confirmed the U.S. seized nearly $500 million in Iranian crypto assets, surpassing the $344 million previously reported. Operation Economic Fury includes sanctions on 35
Bessent Sounds Alarm on Digital Asset Regulation, Urging Immediate CLARITY Act Approval
TL;DR: Bessent published a column in the Wall Street Journal urging Congress to pass the CLARITY Act before the Senate runs out of legislative time. The
Bessent’s ‘Recalcitrant Actors’ Remark Draws Sharp Response From Coinbase CEO
U.S. Treasury Secretary Scott Bessent sparked sharp controversy after pointing to “recalcitrant actors” as the forces blocking progress on crypto regulation in Congress.
Bessent: Crypto Investor Confidence Will Climb After CLARITY Act Becomes Law
This Friday, in an interview with CNBC, United States Treasury Secretary Scott Bessent stated that the CLARITY Act will boost investor confidence and alleviate the historic
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