• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Regulations

Treasury Secretary Scott Bessent Says US Should Take Worldwide Lead in Crypto, Strive To ‘Bring It Onshore’

n70products by n70products
March 8, 2025
in Regulations
0
Treasury Secretary Scott Bessent Says US Should Take Worldwide Lead in Crypto, Strive To ‘Bring It Onshore’
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Treasury Secretary Scott Bessent says that the US ought to change into a world chief in digital property.

In a brand new interview with CNBC, Bessent says the US ought to welcome crypto-related companies into the nation and take a management position within the trade.

“I’m a giant proponent of the US taking the worldwide lead in crypto. I feel we now have to convey it onshore and so they use our greatest practices and regulation.”

He additionally praises the latest action by US President Donald Trump to create a Bitcoin (BTC) reserve, which commits the US to not promoting any seized BTC.

In accordance with the White Home’s “Crypto Czar,” David Sacks, the US authorities has sold roughly 195,000 Bitcoin for $366 million, far lower than the greater than $17 billion it will be value at this time.

The US authorities presently owns $17.05 billion value of BTC, per data from the blockchain analytics agency Arkham.

Bessent provides that there might finally be developed an acquisition plan to buy extra Bitcoin for the reserve.

“I feel that the Bitcoin reserve, earlier than you possibly can accumulate it, it’s important to cease promoting it. So what we now have now’s from a seized asset pool…

So the very first thing to do is to cease the promoting…

After the victims are paid, and all of that, any seized property will go into this reserve, after which we’ll see what the best way ahead is for extra acquisitions for the reserves.”

Bitcoin is buying and selling for $86,624 at time of writing, flat on the day.

 

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Examine Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate marketing online.

Generated Picture: Midjourney





Source link

Tags: BessentBringCryptoLeadOnshoreScottSecretaryStriveTreasuryWorldwide
Previous Post

FirstFT: Trump and crypto

Next Post

Possible Black Swan Event Incoming After Bitcoin and Altcoin Bull Trap, Says Trader – Here Are His Targets

Next Post
Possible Black Swan Event Incoming After Bitcoin and Altcoin Bull Trap, Says Trader – Here Are His Targets

Possible Black Swan Event Incoming After Bitcoin and Altcoin Bull Trap, Says Trader – Here Are His Targets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Coinbase Adds Donald Trump’s Official Memecoin to Listing Roadmap

Coinbase Adds Donald Trump’s Official Memecoin to Listing Roadmap

January 20, 2025
Bitcoin – Identifying the impact of Fed’s inflation rate

Bitcoin – Identifying the impact of Fed’s inflation rate

November 1, 2024
Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

May 17, 2025

Recents

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

June 1, 2025
Major crypto hacks fell 40% in May, says PeckShield

Major crypto hacks fell 40% in May, says PeckShield

June 1, 2025
XRP Multi-Timeframe Breakdown: Here’s What Comes Next

XRP Multi-Timeframe Breakdown: Here’s What Comes Next

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version