Wall Street Heavyweight Bessent to DC: Make America the Crypto Capital or Get Left Behind

BTCC / BTCC Square / CryptotimesIO /

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2025-05-07 15:44:23

U.S. Should be Premier Destination for Digital Assets: Scott Bessent

Key Square Capital’s Scott Bessent throws down the gauntlet—U.S. regulators either embrace digital assets or watch innovation flee to friendlier shores.

"We’re in a global arms race for blockchain dominance," says the ex-Soros CIO, as Singapore and Dubai eat Washington’s lunch. His prescription? Ditch the enforcement-first approach before the next FTX—actual or imagined—becomes an excuse to strangle the whole industry.

Meanwhile, traditional finance dinosaurs still think ’stablecoin’ refers to their 1% yield savings accounts. Wake-up calls don’t get louder than this.

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