Treasury Secretary Scott Bessent will testify Tuesday before the House Financial Services Committee on the state of the U.S. financial system, as President Trump’s economic agenda faces scrutiny amid the Iran war and tariff battles. Trump’s latest trade war with Canada, the 10-year Treasury bond yield and federal deficit, affordability concerns as the midterms inch…
The Hill•The HIll Staff15 Sept
Rising Treasury yields could strain economic growth, increasing borrowing costs and complicating fiscal policy amid high national debt.
CryptoBriefing•Editorial Team15 Sept
Ripple CEO Brad Garlinghouse defended the crypto CLARITY Act framework ahead of today’s Senate vote, stating that the bipartisan policy trades made to build the bill “weren’t small.” Brad Garlinghouse has thrown his support behind Treasury Secretary Scott Bessent’s latest push for the CLARITY Act, urging the Senate to move
TheNewsCrypto•Sarala15 Sept
Treasury Secretary Scott Bessent may face questions on rising energy prices, Federal Reserve policy, government debt and the Trump team's economic agenda.
Can CLARITY Act still make it to the finish line as teething issues persists?
AMBCrypto•Benjamin Njiri15 Sept
Ripple CEO Brad Garlinghouse backed Treasury Secretary Scott Bessent’s case for advancing the CLARITY Act, arguing the final compromise deserves Senate support. Bessent says the bill gives Treasury tools to protect community banks if stablecoin-related deposit flight emerges. Garlinghouse Backs Bessent Ahead of Senate Vote Treasury Secretary Scott Bessent pressed senators Sept. 14 to support […]
Bitcoin.com News•Kevin Helms15 Sept
The comments from Scott Bessant last week got a lot of attention, saying that he had access to asymmetric information and he knew what the Bank of Japan was going to do. Well, we'll find out more later this week when the BoJ is widely expected to hike rates. At this point, that move feels priced-in so more important is what they say about plans for after that move, and this will likely be the bigger driver in the USD/JPY pair and, in-turn, USD markets. At this point the 155.00 level has been defended by sellers but the four hour chart shows higher-high and low potential, which would be short-term counter-trend. But, perhaps the bigger issue here is a theoretical cap to upside, as we've seen a vociferous response from Bessent on the matter. For lower-high resistance this week, both 155.44 and 156.68 stand out, before the 157.78-158.09 level comes back into the picture. - JS
The US risks falling behind in tech innovation without clear crypto regulations, potentially losing economic opportunities to more agile nations.
CryptoBriefing•Editorial Team14 Sept
The Treasury secretary dared “Bloomberg terminal bros” to bet against him and they did.
The New York Times•Alan Rappeport14 Sept
Bessent's stance highlights AI's critical role in national security, urging US dominance to prevent geopolitical shifts favoring China.
CryptoBriefing•Editorial Team14 Sept
"Look, the president understands—he and I have talked about it quite a bit—... the bond market has taken out more governments than howitzers."
Treasury secretary’s intervention in the yen has made an impact but US bond yields are climbing higher and higher
"I'm not sure where the beef is," Bessent said.
As a rout in the bond market deepens, the pressure grows on Treasury Secretary Scott Bessent to restore calm.
The New York Times•Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Sri Muppidi and Ian Mount11 Sept
US Treasury secretary’s claims of insider knowledge could erode market perceptions of Japanese central bank’s independence
Treasury secretary’s $6bn bond operation is insufficient to stem the recent surge in borrowing costs, investors warn
U.S. Treasury Secretary Scott Bessent said that a large bank would be sanctioned next week.
Treasury Secretary Scott Bessent urged senators to advance the CLARITY Act before Tuesday’s scheduled procedural vote. The measure would establish federal digital asset rules, but unresolved political divisions leave its path through the Senate uncertain. Treasury Push Raises Pressure Before Senate Vote Federal digital asset legislation faces a decisive procedural test Tuesday after Treasury Secretary […]
Bitcoin.com News•Kevin Helms11 Sept
US yields reach highs of the day after Scott Bessent’s Treasury buyback operation undershoots its target
Global bond sell-off reignited by confluence of higher oil prices, sticky US inflation and ECB’s decision to raise interest rates