In brief
U.S. Treasury Secretary Scott Bessent said Thursday that the U.S. government will not be buying additional Bitcoin to supplement reserves of the token acquired via law enforcement seizures.
For months,…
In brief
Treasury Secretary Scott Bessent urged the Fed to consider a 50bps cut in September after weak job revisions and soft inflation data.
July inflation came in at 2.7% year-over-year, slightly…
US Commerce Secretary Howard Lutnick is calling for Fed Chair Jerome Powell to resign, the secretary said in a Fox interview on Thursday. Lutnick said that Powell “has to go”…
In brief
Treasury Secretary Scott Bessent said stablecoins could strengthen dollar dominance and urged swift passage of federal crypto legislation.
His comments came as Trump pushed Congress to fast-track the GENIUS Act…
Key Points:U.S. Treasury Secretary expects stablecoins to hit $2 trillion.Stablecoin growth to foster global dollar dominance.Potential boost to U.S. Treasuries of over $1 trillion.
During a recent Senate hearing, U.S. Treasury…
Bitcoin (BTC) maintained a steady climb Saturday as U.S. domestic tensions intensified. Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles. According…
U.S. Treasury Secretary Scott Bessent told Bloomberg earlier this Friday that the world's largest economy is "going big" on digital assets. According to Bessent, a lot of companies were "starved"…
BGC Group is buying back more than 16 million shares
from its former Chairman and CEO, Howard W. Lutnick, now the U.S. Secretary of
Commerce. The $151 million deal is part of…
In brief
Treasury Secretary Scott Bessent called the Senate’s failure to advance the GENIUS Act a missed chance to secure U.S. leadership in stablecoin regulation.
The bill collapsed after last-minute Democratic defections,…