BlockchainCrypto

Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 27/10/2026, 20:55:24 UTC.

Briefings

U.S. Treasury Secretary Bessent stated at a Ripple conference that SEC and CFTC regulatory actions will help address the Clarity Act's failure to prevent crypto debanking, aiming to keep the dollar dominant. The briefing notes that these actions are intended to curb crypto lending practices, though specific mechanisms and timelines remain undefined.

Key points

• Treasury Secretary Bessent used a Ripple conference to announce that SEC and CFTC regulatory actions will address the Clarity Act's failure to prevent crypto debanking.
• The stated goal is to curb crypto debanking through new regulatory measures, though the specific mechanisms and implementation dates are not detailed.

Context

This briefing follows the Clarity Act's failure to prevent crypto debanking, prompting Treasury Secretary Bessent to propose new regulatory actions at a Ripple conference to maintain the dollar's dominance.

Limitations

The evidence is limited to a single statement from Treasury Secretary Bessent at a Ripple conference. Specific details on regulatory mechanisms, implementation timelines, and the exact scope of the new actions are not provided.

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