Trump's Treasury Pick Scott Bessent Pours Cold Water on US Digital Dollar Initiative
Scott Bessent told the Senate he saw 'no reason' for the U.S. to pursue a central bank digital currency, aligning with Trump's past comments.
Original source
Read on DecryptRelated market context
Trump-backed World Liberty Financial to fund UFC fighter bonuses in USD1 stablecoin at White House event
The deal puts USD1 branding inside the Octagon at an event held on the White House South Lawn, on President Trump's 80th birthday.
Donald Trump issues statement on Israel’s attack on Beirut, Bitcoin reacts
Trump's mediation highlights the fragile balance in Middle East diplomacy, impacting global markets and complicating US-Iran relat...
CFTC Staff No-Action Letter Opens Path For True Digital Commodity Perpetuals
TL;DR CFTC staff issued no-action guidance related to digital commodity perpetual futures. The relief applies to CFTC-registered d...
Tim Scott predicts $30T crypto market cap with regulatory clarity
Regulatory clarity could unlock significant institutional investment, potentially transforming the crypto market into a major fina...
Bitcoin Selloff Leaves Half of Supply Underwater as Tether Briefly Overtakes Ether
Bitcoin's drop below $60,000 leaves half of supply in loss, while Tether briefly overtakes Ether in a reality check for crypto mar...
Trump says Iran deal to be signed on Sunday as Bitcoin climbs above $63K
The potential Iran deal could stabilize geopolitical tensions, impacting global oil supply and influencing market dynamics, includ...