Regulators patching holes—or closing the net? Bessent’s remarks were packed with implications
Bessent’s latest comments were quite subtle. Whether or not Congress passes legislation, the Treasury Department will proactively fill the regulatory gaps left by the SEC and CFTC. This may look like patching holes, but in reality it means tightening its grip on the power to price crypto assets.
What’s most noteworthy is that he described stablecoins as a new tool for dollar dominance and a new source of buyers for U.S. Treasuries. This means the United States no longer sees crypto as merely a speculative bubble; it wants to bring it into the dollar system and turn it into a buyer of last resort for U.S. debt.
In the short term, this is positive for regulatory compliance. In the long term, the crypto world could end up as little more than a wage slave to traditional finance.#谷歌财报能否守住基本盘 #FOMC会议 $SNDK $SPCX
Bessent’s latest comments were quite subtle. Whether or not Congress passes legislation, the Treasury Department will proactively fill the regulatory gaps left by the SEC and CFTC. This may look like patching holes, but in reality it means tightening its grip on the power to price crypto assets.
What’s most noteworthy is that he described stablecoins as a new tool for dollar dominance and a new source of buyers for U.S. Treasuries. This means the United States no longer sees crypto as merely a speculative bubble; it wants to bring it into the dollar system and turn it into a buyer of last resort for U.S. debt.
In the short term, this is positive for regulatory compliance. In the long term, the crypto world could end up as little more than a wage slave to traditional finance.#谷歌财报能否守住基本盘 #FOMC会议 $SNDK $SPCX
