Key dealers
- Treasury Secretary Scott Bessent plans to review regulations that affect blockchain technology and digital assets.
- Economic integration is an important priority during Scott Bessent’s vision for regulatory reforms.
The US Treasury will evaluate regulations that can hinder Innovation within Blockchain, StableCoins and new payment technicians, says the Finance Ministry Scott Bessent at the American Bankers Association Conference on Wednesday.
🇺🇸 Only in: Treasury Secretary Scott Bessent says the US government examines “Regulatory barriers to blockchain, stablecoins and new payment systems.” pic.twitter.com/g0dctlpsic
– Crypto briefing (@crypto_briefing) April 9, 2025
The review potentially leads to removal or modification of the current measures as part of the Trump administration’s ongoing efforts to encourage innovation, investment and competitiveness, especially in fintech and crypto-related areas.
“We will take a closer look at regulatory obstacles to blockchain, stablecoins and new payment systems,” Bessent claimed. “And we will consider reforms to release the amazing power in the American capital markets.”
One of the most important priorities for the current administration is to stimulate economic growth through aggressive liberalization efforts aimed at reducing the government’s monitoring and legislative burdens over industries.
The goal is to create a more balanced regulatory environment that promotes economic growth and benefits “Main Street”, not just Wall Street, according to Treasury Secretary.
“Americans deserve a financial service industry that works for all Americans, including and especially Main Street,” added Bessent. “Under President Trump’s leadership, Treasury Department and I will deliver it to you.”
Mark Uyeda, acting chairman of the US Sec, has recently instructed the staff to Review the Crypto regulatory statementsIncluding analysis of digital assets in investments and bitcoin -futures according to the Investment Companies Act.
The move is in line with the executive scheme 14192, which aims to reduce the legislative burden and encourage economic growth by potentially modifying or revoking certain Sec rules. These reviews can lead to more streamlined regulations for crypto companies.
