Treasury Secretary Bessent said market participants who don’t want strong regulation should “move to El Salvador.”
U.S. Treasury’s Bessent calls out crypto ‘nihilists’ resisting market structure bill
Treasury Secretary Bessent said market participants who don't want strong regulation should "move to El Salvador."
Shares:
Total crypto market cap jumped 45% in November, in the best monthly return to-date, the report said.
The National Commission of Digital Assets is the agency in charge of regulating crypto in El Salvador, the first nation to accept Bitcoin as legal tender.
Two Senate committees – Banking and Agriculture – need to agree on a crypto market structure bill, and Ag's ranking Democrat outlined several areas to edit.
French Hill, the chair of the House Financial Services Committee, signaled the House still intends to hash out stablecoin details, suggesting a longer process.