Tim Scott, chairperson of the US Senate banking committee, has introduced a bill to ban regulators from regulating banks on the grounds of "reputational risk", in response to the crypto industry's accusations that US government entities are excluding them from the financial system. The Republican senator from South Carolina introduced the bill on Thursday and said in a statement that the legislation would limit the weaponization of federal banking agencies and eliminate regulators' oversight of ...
美国参议院银行委员会主席 Tim Scott 提出一项法案,拟禁止监管机构以“声誉风险”为由对银行进行监管。此举是在加密行业指责美国政府机构将其排除在金融体系之外后作出的回应。 这位来自南卡罗来纳州的共和党参议员于周四提交了该法案,并在声明中表示,该立法将限制联邦银行机构的武器化,消除监管机构在监...
According to market sources, Trump said he would send Treasury Secretary Scott Bescent to Ukraine to meet with President Zelensky. Trump said the war must end and it will end soon.
Scott Bessent, US Treasury secretary, said the US would continue to pursue a "strong dollar" policy under Mr. Trump. "President Trump has not changed his strong dollar policy at all," Mr. Bessent said in an interview on Thursday. "We want a strong dollar. We don't want to see other countries weaken their currencies and manipulate their trade." Because many countries "have accumulated large surpluses, there is no free-form...
US Treasury secretary Scott Bescent said he had personally vetted Treasury employees on Elon Musk's government efficiency team who had read-only access to federal payments data and that the Treasury payments system had not been modified. "This is an operational plan to suggest improvements," Mr. Bescent said in an interview on Thursday. "The ability to change the system is in the hands of the Fed. This system is not even run by us." Mr. Bescent is confident in Mr. Musk's team,...
Scott Bescent, US Treasury secretary, said he would not criticise the Federal Reserve chairperson and said the Trump administration was not focused on whether the Fed would cut its benchmark policy rate. Mr. Bescent's comments were notable given Mr. Trump's frequent criticisms of Jerome Powell, the Fed chairperson, during his first term as president, when he regularly called for interest rate cuts and explored the possibility of "firing" Mr. Powell. "I'm not going to make any comments on monetar...
US Treasury Secretary Scott Bescent is now acting head of the Consumer Financial Protection Bureau, according to people familiar with the matter, signalling a possible shift in the Trump administration's strict approach to enforcement and regulation under Rohit Chopra, who was ousted by the Trump administration. The Biden-era appointee has imposed billions of dollars in fines and consumer compensation on banks including Wells Fargo, Goldman Sachs and Citigroup during his tenure. Mr. Bescent, a f...
In an interview with FOX Business, US Treasury Secretary Scott Bessent said: The spirit of cryptocurrency is about freedom, and the cryptocurrency economy is here to stay.
Scott Walker, chief compliance officer at a16zcrypto, and Bill Hinman, an advisory partner, said the SEC should take immediate, easy-to-implement adjustments to create fit-for-purpose regulations without sacrificing innovation or critical investor protections. While legislation is necessary to provide adequate regulatory clarity on crypto asset classification and secondary market oversight, these measures will...
a16zcrypto首席合规官Scott Walker及顾问合伙人Bill Hinman表示,美国SEC应立即采取的、易于实施的调整措施,以制定适合目的的法规,而不会牺牲创新或关键的投资者保护。虽然立法对于提供有关加密资产分类和二级市场监督的充分监管清晰度是必要的,但这些措施将为...
The US Senate Finance Committee has voted to confirm Scott Bessant's nomination as Treasury Secretary, sending him to the full Senate for consideration.
Billionaire hedge fund manager Scott Bessent, who was chosen by Mr. Trump to be Treasury secretary, has praised cryptocurrencies. "Cryptocurrencies represent freedom, the crypto economy is here to stay, and I think the possibilities are limitless," Mr. Bessent said in July. According to a new financial disclosure filing last month, Scott Bessent holds a stake in BlackRock's bitcoin exchange-traded fund (ETF) worth between $250,000 and $500,000.