US Finance Minister Scott Bessent criticizes Senate for rejection of the StableCoin Act and warns of dangers for the American crypto leadership role.

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US-Schatzmeister Scott Bessent kritisiert den Senat wegen Ablehnung des Stablecoin-Gesetzes Scott Bessent, der US-Schatzmeister, äußerte scharfe Kritik an dem Senat, nachdem dieser ein Gesetz zur Regulierung von Stablecoins abgelehnt hatte. Bessent warnt, dass diese Entscheidung negative Auswirkungen auf die Wettbewerbsfähigkeit der Vereinigten Staaten im Bereich der Kryptowährungen haben könnte. Stablecoins, digitale Währungen, die an stabile …
US treasurer Scott Bessent criticizes the Senate for rejection of the StableCoin Act Scott Bessent, the US treasurer, expressed sharp criticism of the Senate after he had rejected a law to regulate stable coins. Besser warns that this decision could have a negative impact on the competitiveness of the United States in the field of cryptocurrencies. Stable coins, digital currencies that are stable ... (Symbolbild/KNAT)

US treasurer Scott Bessent criticizes the Senate for rejection of the StableCoin Act

Scott Bessent, the US treasurer, expressed sharp criticism of the Senate after he had rejected a law to regulate stable coins. Besser warns that this decision could have a negative impact on the competitiveness of the United States in the field of cryptocurrencies.

stablecoins, digital currencies that are coupled to stable assets such as the US dollar play an important role in the cryptom market. They enable greater stability and offer users the opportunity to carry out transactions without the high volatility of traditional cryptocurrencies. The rejection of the law could lead to the United States falling behind in global competition for digital financial technologies.

Bessent emphasizes that a clear regulatory framework is necessary to promote innovations and at the same time manage the risks in connection with digital currencies. With its decision, the Senate has wasted the chance of paving the way for transparent and secure stable coin solutions that could benefit both consumers and the economy as a whole.

These developments are particularly relevant because more and more countries and regions determine their own regulatory framework conditions for cryptocurrencies and stable coins. It remains to be seen how the situation will develop and what measures the US government will take to secure its position in the global crypto market.