#BTC Hits 97K# US Treasury Secretary Scott Bessent spoke about Cryptocurrency: "Regarding Cryptocurrency in the US..."

U.S. Treasury Secretary Scott Bessent made statements about the cryptocurrency sector in the U.S. during a session he attended today.
U.S. Treasury Secretary Scott Bessent stated that the U.S. should be a global leader in the field of digital assets.
Speaking at the Financial Services Committee of the House of Representatives, Bessent addressed Congress members seeking regulation for cryptocurrencies: "The United States must be the number one location for digital assets."
Bessent, who was asked by committee members "Why the US should lead in this area," said, "We believe that Congress and the Senate need to create a good market structure to spread the best market practices of the US to the world."
Bessent, who was appointed by President Donald Trump to the Treasury Department and confirmed by the Senate in January, had previously drawn attention with her positive approach to digital assets, arguing that the crypto economy is "here to stay." Bessent is also a member of the "Presidential Working Group on Digital Asset Markets" established by Trump’s presidential executive order on January 23.
Although tariffs were mostly discussed at the session, another topic the committee focused on was a comprehensive cryptocurrency regulation bill. On Monday, House Republicans shared a draft bill with the public that redefines the jurisdictions of the (SEC) and the Commodity Futures Trading Commission's (CFTC). The draft also includes new disclosure obligations.
However, some Democrats expressed their concerns about Trump's relationship with cryptocurrency following the launch of his own memecoin shortly before the inauguration ceremony in 2025. A venture linked to Trump, called World Liberty Financial, recently introduced its own stablecoin as well. On Tuesday, some Democratic representatives left the planned crypto session to hold their own roundtable meetings and publicly stated their concerns about Trump's influence in this area. Despite this, some figures like Democratic representative Angie Craig preferred to stay in the session and stated that "both sides need to work together."
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