Secretary in the United States of the Treasury, Scott Bessent, said that digital assets could create a demand for 2 dollars for US treasury bills in the coming years.
During an appearance in front of a committee of the Congress Chamber on Tuesday morning, focused on Tuesday morning on the international financial system, Bessent said that the United States should play a role of world leadership on digital assets.
“We believe that the United States should be the first destination for digital assets and, as members of this committee and the Senate are trying to do, create a good market structure around what we, best practices, are used worldwide.”
He also says that the cryptography market can give us a massive increase in demand.
“Digital assets are an important source of innovation that can stimulate the use of the US dollar worldwide, as for stable legislation.
Last month, the Macro-Investor Luke Gromen explained that Bitcoin (BTC) can influence the demand for American treasury bills. According to Gomen, a bitcoin bull market generally increases the demand for cryptographic assets pointed out by a dollar called stablecoins.
Stablecoin issuers such as Tether and Circle are mainly based on cash bills to support their parts on a 1: 1. In December 2024 basis, Tether invested more than $ 94.47 billion in T-Bills to support the USDT. Circle holds $ 22.047 billion in T hiding in February of this year to support its stablecoin, USDC.
Meanwhile, two bills on stables heading through the congress, the stable law of 2025 and the Genius Act of 2025, oblige issuers to invest in T tickets and other active worlds to support their documents.
https://www.youtube.com/watch?v=v2fib2WX_i8
Follow us on X, Facebook and Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
