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US Treasury Secretary: Stablecoin Market Could Greatly Exceed $2 Trillion


Stablecoins are projected to drive a sharp increase in demand for U.S. Treasurys and strengthen the dollar’s global dominance, with their market expected to surpass $2 trillion by 2028, according to the U.S. Treasury Secretary. US Treasury Sees Stablecoins as Strategic Dollar Expansion Tool Amid...

Commerce Secretary Lutnick Divests Cantor Fitzgerald Stake


Commerce Secretary Howard Lutnick has agreed to transfer his stake in Cantor Fitzgerald to his children and a group of investors, as part of an ethics agreement with the U.S. government. Lutnick Complies With Ethics in Government Act U.S. Commerce Secretary Howard Lutnick has reportedly agreed...

US Treasury Secretary expresses support for crypto bills at hearing


Speaking at a hearing, US Treasury Secretary Scott Bessent toed the party line in suggesting support for two crypto-related bills moving through Congress.Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be...

US Treasury Secretary expresses support for crypto bills at hearing


Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination...

Bretton Woods institutions must reorient, US Treasury secretary says


United States Treasury Secretary Scott Bessent recently called for “Bretton Woods institutions,” such as the International Monetary Fund (IMF), to reorient themselves, a signal that the global monetary order could be shifting.Speaking at the Institute of International Finance (IIF)...

Commerce Secretary Lutnick walks back tariff relief on electronics


Commerce Secretary Howard Lutnick walked back the recent reciprocal tariff exemption on select electronics announced in an April 12 bulletin from the United States Customs and Border Protection.On April 13, Lutnick told ABC News that the reciprocal tariff exemption was temporary until...

Treasury Secretary Signals US Plans to Acquire More Bitcoin for Reserve


The U.S. plans to acquire more bitcoin to expand its strategic reserve beyond seized assets, Treasury Secretary Bessent said, outlining the government’s approach to crypto accumulation. Treasury Secretary Bessent Unveils Plan for America’s First Bitcoin Reserve Treasury Secretary...

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