How Stablecoins Will Secure Dollar Dominance in the US Scott Bessent

In the realm of digital currencies, stablecoins backed by the US dollar play a vital role in maintaining the dominance of the dollar. Scott Bessent, a prominent figure in the financial industry, emphasizes the significance of these stablecoins in upholding the hegemony of the dollar in global markets. Bessent highlights the importance of stablecoins in [...]

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US unions sue Treasury Department after letting Musks DOGE access personal financial information

The lawsuit claims DOGE has been given “unlawful” access to personal and financial information The sensitive information includes names, addresses, bank details, social security numbers, birth dates, and email addresses US union groups have sued the US Treasury and Treasury Secretary Scott Bessent for allowing Elon Musk’s DOGE agency to access individuals’ personal and financial […]

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Bitcoin sees first major weekly price decline since Trumps election win

Bitcoin is down 10% after reaching its all-time high price of $108,135 on Dec. 17.

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NYT: Trump reconsiders pro-crypto choices for Treasury Secretary, slows down his selection process

Trump is now considering Kevin Warsh and Marc Rowan for the US Treasury Secretary position Howard Lutnick is reportedly frustrating Trump by spending too much time with him to get himself appointed A person familiar with the situation between Lutnick and Scott Bessent as a “knife fight” President-elect Donald Trump is allegedly reconsidering his options […]

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Trumps leading pick for Treasury Secretary is very pro-crypto

As Scott Bessent and John Paulson emerge as leading candidates for US Treasury Secretary, the community is curious about their stance on crypto.

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US Treasury secretary nominee sees no reason for CBDC

Scott Bessent believes a CBDC is only for countries that have no other investment alternatives He adds that many countries are only issuing CBDCs “out of necessity” Scott Bessent, President-elect Donald Trump’s pick for US Treasury Secretary, has said he sees “no reason” for the US to have a central bank digital currency (CBDC). Bessent […]

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