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๐บ๐ธ๐ฎ๐ท Washington created a dollar shortage in Iran to encourage protests, according to the U.S. Treasury Secretary
#Scott Bessent admitted to manipulations of the U.S. currency, which put Iranian banks in trouble:
"We caused a dollar shortage in the country. I presented this strategy at the New York Economic Club in March. It quickly led to, and I would even say spectacularly, in December when one of the largest Iranian banks went bankrupt. The central bank had to print money. The Iranian currency collapsed, inflation skyrocketed, and we saw the people in the streets," he admitted in a Senate committee.
๐๐ฝ Protests in Iran began at the end of December following the devaluation of the currency. Iranian Foreign Minister Abbas Araghchi and the U.S. President's special envoy, #SteveWitkoff , will meet on February 6 in Oman.
@Binance BiBi #iran
#Scott Bessent admitted to manipulations of the U.S. currency, which put Iranian banks in trouble:
"We caused a dollar shortage in the country. I presented this strategy at the New York Economic Club in March. It quickly led to, and I would even say spectacularly, in December when one of the largest Iranian banks went bankrupt. The central bank had to print money. The Iranian currency collapsed, inflation skyrocketed, and we saw the people in the streets," he admitted in a Senate committee.
๐๐ฝ Protests in Iran began at the end of December following the devaluation of the currency. Iranian Foreign Minister Abbas Araghchi and the U.S. President's special envoy, #SteveWitkoff , will meet on February 6 in Oman.
@Binance BiBi #iran
๐บ๐ธ Scott Bessent on Tariff Talks:
US Treasury Secretary Scott Bessent expressed strong optimism following todayโs tariff discussions, saying he feels โvery positiveโ about how things are shaping up. ๐
When asked about alternative strategies, Bessent made it clear:
> โI wonโt be discussing a โPlan Bโ for tariffs at this time.โ โ๏ธ
His tone signals confidence in the current negotiation path โ a message aimed at calming markets that have been watching trade developments closely. ๐๐ต
Itโs a reminder that sometimes, confidence itself can be a policy signal.
#BNBATH #Write2Earn #Scott #Tariffs
$SOL
$XRP
$DASH
US Treasury Secretary Scott Bessent expressed strong optimism following todayโs tariff discussions, saying he feels โvery positiveโ about how things are shaping up. ๐
When asked about alternative strategies, Bessent made it clear:
> โI wonโt be discussing a โPlan Bโ for tariffs at this time.โ โ๏ธ
His tone signals confidence in the current negotiation path โ a message aimed at calming markets that have been watching trade developments closely. ๐๐ต
Itโs a reminder that sometimes, confidence itself can be a policy signal.
#BNBATH #Write2Earn #Scott #Tariffs
$SOL
$XRP
$DASH
Senate Banking Committee Chairman Prioritizes Crypto Regulation;
In January 2025, with the Republican Party securing control of the #U.S. Senate, Senator Tim Scott from South Carolina assumed leadership of the Senate Banking Committee. As the new chairman, Senator Scott has identified creating a regulatory framework for cryptocurrencies as one of the key priorities for the 119th Congress. His vision is to address the regulatory gaps in the industry while fostering innovation within the United States.
Previously, under the leadership of Senator Sherrod Brown, the committee focused on discussions around stablecoin legislation and conducted hearings addressing cryptocurrency-related issues. These included enforcement actions taken by the U.S. Securities and Exchange Commission (SEC) against crypto firms. However, Senator Scottโs approach aims to take this work further by implementing a clearer and more structured regulatory path for digital assets.
Promoting Innovation and Addressing Industry Concerns
Senator Scott has raised concerns over the #SEC , led by Chair Gary Gensler, for failing to provide sufficient guidance for the crypto industry. This lack of clarity has pushed several blockchain projects to seek opportunities outside the U.S., potentially harming the countryโs competitive edge in technological advancements. To counter this trend, Senator Scott is advocating for a transparent regulatory framework that ensures both the safe trading and secure custody of digital assets. His ultimate goal is to nurture innovation and ensure that the U.S. remains at the forefront of the crypto industry.
In addition to supporting innovation, the committeeโs agenda includes promoting financial accessibility, strengthening national economic security, and improving oversight to protect consumers and investors. Senator Scott has also highlighted the importance of taking a balanced and open-minded stance toward stablecoins and other cryptocurrency products, recognizing their potential in the financial ecosystem.
Challenges Ahead for the Committee
Despite his ambitions, Senator #Scott is likely to face challenges from within the committee itself. For instance, Senator #Elizabeth Warren, a vocal critic of many cryptocurrency policies, may present opposing views. The committeeโs diverse composition suggests that developing a unified and comprehensive framework for digital assets will require extensive debate, negotiation, and compromise.
As the 119th Congress unfolds, stakeholders from the cryptocurrency industry, government policymakers, and the public will closely follow the committeeโs activities. The decisions made by the Senate Banking Committee could have far-reaching implications, shaping the future of digital assets in the United States.
Major Crypto News Today
In addition to this political development, the release of U.S. Consumer Price Index (CPI) data has sparked a surge in Bitcoin prices. Investors are now keeping a close watch on upcoming Federal Reserve actions, which could further impact the crypto currency market.
Previously, under the leadership of Senator Sherrod Brown, the committee focused on discussions around stablecoin legislation and conducted hearings addressing cryptocurrency-related issues. These included enforcement actions taken by the U.S. Securities and Exchange Commission (SEC) against crypto firms. However, Senator Scottโs approach aims to take this work further by implementing a clearer and more structured regulatory path for digital assets.
Promoting Innovation and Addressing Industry Concerns
Senator Scott has raised concerns over the #SEC , led by Chair Gary Gensler, for failing to provide sufficient guidance for the crypto industry. This lack of clarity has pushed several blockchain projects to seek opportunities outside the U.S., potentially harming the countryโs competitive edge in technological advancements. To counter this trend, Senator Scott is advocating for a transparent regulatory framework that ensures both the safe trading and secure custody of digital assets. His ultimate goal is to nurture innovation and ensure that the U.S. remains at the forefront of the crypto industry.
In addition to supporting innovation, the committeeโs agenda includes promoting financial accessibility, strengthening national economic security, and improving oversight to protect consumers and investors. Senator Scott has also highlighted the importance of taking a balanced and open-minded stance toward stablecoins and other cryptocurrency products, recognizing their potential in the financial ecosystem.
Challenges Ahead for the Committee
Despite his ambitions, Senator #Scott is likely to face challenges from within the committee itself. For instance, Senator #Elizabeth Warren, a vocal critic of many cryptocurrency policies, may present opposing views. The committeeโs diverse composition suggests that developing a unified and comprehensive framework for digital assets will require extensive debate, negotiation, and compromise.
As the 119th Congress unfolds, stakeholders from the cryptocurrency industry, government policymakers, and the public will closely follow the committeeโs activities. The decisions made by the Senate Banking Committee could have far-reaching implications, shaping the future of digital assets in the United States.
Major Crypto News Today
In addition to this political development, the release of U.S. Consumer Price Index (CPI) data has sparked a surge in Bitcoin prices. Investors are now keeping a close watch on upcoming Federal Reserve actions, which could further impact the crypto currency market.
In a surprising twist, Treasury #Secretary #Scott Bessent stunned the financial world by announcing he wonโt be the next Federal Reserve Chair ๐ฎ๐.
But the shock grew even bigger when he added that President Trump would make โa great Chair of the Fed.โ ๐ฃ๏ธ๐ฅ๐บ๐ธ
That single comment sent instant shockwaves through the markets โก๐, igniting debates, speculation, and a burst of excitement across trading circles ๐คฏ๐ฌ๐.
Now, investors are scrambling to figure out what this could mean for future policy and market direction ๐ง ๐๐๐.
But the shock grew even bigger when he added that President Trump would make โa great Chair of the Fed.โ ๐ฃ๏ธ๐ฅ๐บ๐ธ
That single comment sent instant shockwaves through the markets โก๐, igniting debates, speculation, and a burst of excitement across trading circles ๐คฏ๐ฌ๐.
Now, investors are scrambling to figure out what this could mean for future policy and market direction ๐ง ๐๐๐.
๐ฃ๏ธ#Scott #Bessent ,#president Donald Trump's Treasury Secretary,said there is no reason for the government to create a digital version of the central bank.
#DonaldTrump #GovernmentExit
#DonaldTrump #GovernmentExit
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