Bessent calls for expansion of Federal Reserve foreign lending facility
Expanding the Fed's foreign lending could stabilize global markets but risks political backlash and impacts on Treasury yields and crypto.
CryptoBriefing•Editorial Team4 AugScott Bessent — page 11
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page 11 of 13CryptoBriefing•Editorial Team4 Aug
US Treasury’s Bessent backs expanding Fed’s FIMA facility, and crypto markets should pay attention
Expanding the FIMA facility could stabilize global markets by easing liquidity pressures, benefiting risk assets like cryptocurrencies.
CryptoBriefing•Editorial Team4 Aug
Bessent says US will do whatever it takes to support Japan’s yen
Yen weakness could trigger a competitive devaluation cycle in Asia, impacting global markets and increasing financial instability risks.
CryptoBriefing•Editorial Team4 Aug
Scott Bessent predicts US-Iran deal on Strait of Hormuz by Tuesday, oil prices slide
A US-Iran deal could ease global inflation pressures, impacting monetary policy, asset valuations, and potentially boosting stablecoin use.
CryptoBriefing•Editorial Team4 Aug
Bessent’s push to expand Fed foreign lending facility raises questions about risk and dollar dominance
Expanding Fed foreign lending could bolster dollar dominance but risks Fed independence and stretches financial resources amid geopolitical tensions.
CryptoBriefing•Editorial Team4 Aug
After Leaked Buy Yen Note, Bessent Explains U.S. Move to Save Japanese Currency
Bessent explains the yen intervention. Yet the dollar has already won back more than two yen since the low.
BeInCrypto•Lockridge Okoth4 Aug
Treasury Secretary Bessent says core inflation is cooling, and the Fed should take note
Bessent's call for rate cuts amid cooling core inflation could boost economic growth and impact risk assets, including crypto markets.
CryptoBriefing•Editorial Team4 Aug
Scott Bessent frames Fed strategy under Kevin Warsh as detox
The Fed's strategy under Warsh may shift economic reliance from government to private sector, impacting liquidity and crypto market dynamics.
CryptoBriefing•Editorial Team4 Aug
Odds of CLARITY crypto legislation passing sink to 27% as Treasury, White House, SEC, and Senate leads quit
Tyler Williams served as Secretary Scott Bessent's principal adviser on blockchain and digital asset policy, making him one of Treasury's top voices on US crypto regulation. He is returning to the private sector after leaving his post on July 31. His exit is the fourth senior crypto departure from a position of federal power this […]
CryptoSlate•Gino Matos4 Aug
Bessent sees no reason for Japan to halt overseas asset accumulation
Japan's continued overseas asset accumulation strengthens US-Japan economic ties, ensuring stability in global financial markets.
CryptoBriefing•Editorial Team4 Aug
Tyler Williams exits Treasury as CLARITY stalls
Tyler Williams has left the U.S. Treasury as the CLARITY Act remains stalled and Bessent’s digital asset policy team faces a leadership gap.
Scott Bessent signals new era of US currency activism with coordinated yen intervention
The US's active currency intervention could weaken the dollar, potentially boosting Bitcoin and stabilizing global financial markets.
CryptoBriefing•Editorial Team4 Aug
Bessent’s top crypto adviser Tyler Williams exits US Treasury: Report
A key architect of the Trump administration’s digital asset agenda is leaving the Treasury Department as Congress struggles to advance landmark crypto legislation.
Cointelegraph•Cointelegraph by Sam Bourgi3 Aug
How to Stop China from Freeriding on American AI
The release of the Chinese open-weight AI model Kimi K3 has compressed a year’s worth of unresolved AI policy debate into a single news cycle. On July 21, Treasury Secretary Scott Bessent threatened sanctions against Chinese labs found to have built their models on “theft,” reporting that the government is “finding watermarks of our U.S. large language models on many of the Chinese models.” The following day, White House science advisor Michael Kratsios clarified that the Chinese AI lab behind K3, Moonshot AI, had built a sophisticated platform to copy Anthropic’s Fable model while evading detection.Industry has been vocal about
War on the Rocks•Ryan Fedasiuk3 Aug
Scott Bessent champions Federal Reserve facility to support yen, and it’s really about protecting US bonds
Expanding the Fed's facility could stabilize global markets, protect US bonds, and influence crypto dynamics by altering dollar liquidity flows.
CryptoBriefing•Editorial Team3 Aug
Russia Goes After Durov, Bessent Slams CLARITY Opponents, and More – Weekly Recap
This week’s stories mixed Bitcoin history, U.S. regulation, new financial markets, DeFi consolidation, and geopolitical pressure. Satoshi Nakamoto’s famous “I don’t have time to try to convince you” line turned 16, while Scott Bessent demanded an immediate Senate vote on the CLARITY Act. CME Group unveiled sports index futures, Aave moved to exit six low-use […]
Bitcoin.com News•Alex Richardson2 Aug
Treasury Secretary Invokes Satoshi as CLARITY Act Faces Senate Collapse
Scott Bessent cited Satoshi Nakamoto to pressure Senate Democrats blocking the CLARITY Act, as the August recess threatens to stall crypto regulation until 2027.
Coinspeaker•Neil Mathew1 Aug
Core inflation low, consumer confidence strong: Bessent
Stable core inflation and strong consumer confidence suggest a resilient economy, potentially influencing future monetary policy decisions.
CryptoBriefing•Estefano Gomez31 Jul
Bessent Invokes Satoshi to Force Senate Vote on Crypto Clarity Act
Treasury Secretary Scott Bessent quoted Bitcoin's creator to pressure Senate Democrats into an immediate vote on the Clarity Act crypto regulation bill.
Bessent Slams CLARITY Act Critics, Demands Senate Action Now
Treasury Secretary Scott Bessent sharply defended the CLARITY Act, rejecting claims that the bill weakens consumer protections and urging the Senate to bring the legislation to a vote now. Bessent Pushes Senate to Vote on the CLARITY Act Treasury Secretary Scott Bessent escalated the debate over U.S. crypto regulation on July 30, portraying the CLARITY […]
Bitcoin.com News•Kevin Helms31 Jul