US Treasury Secretary Scott Bessent says that digital assets can create a $ 2 trillion for American treasury in the coming years.
In a appearance for a Congressional House Committee that focused on the international financial system on Tuesday morning, Bessent says that the US should play a global leadership role on digital assets.
“We believe that the United States should be the most important destination for digital assets, and, as members of this committee and the Senate try to do it, create a good market structure, so that American best practices are used around the world.”
He also says that the cryptomarkt can give us treasuries a huge source of information.
“Digital assets are an important source of innovation that can stimulate US dollars around the world, such as with the Stablecoin legislation. There is speculation that in the coming years there can be up to $ 2 trillion demand for US government effects of digital assets.”
Last month, veteran Macro investor Luke explained that Bitcoin (BTC) can influence the demand for American treasury. According to Gromen, a Bitcoin bull market generally increases the demand for dollar-pegged crypto-assets that are known as stablecoins.
Stablecoin emissioners such as Tether and Circle mainly trust Treasury Bills to support their coins on a 1: 1 -based. From December 2024, Tether has invested more than $ 94.47 billion in T-Bills to support USDT. Circle possesses $ 22.047 billion in T-Bills from February this year to support its Stablecoin, USDC.
In the meantime, two Stablecoin accounts that make its way through the congress, the stable law of 2025 and the Genius Act of 2025, emennials to invest in T-Bills and other real assets to support their coins.
https://www.youtube.com/watch?v=V2FIB2WX_I8
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