Treasury Secretary Scott Bessent announced a sweeping pro-digital asset stance from the Trump administration, declaring the government’s commitment to fostering innovation and regulatory clarity in the crypto sector.
Bessent emphasized that past administrations had nearly “destroyed” the industry by driving companies offshore through aggressive enforcement and unclear regulations.
“Digital asset companies deserve regulatory clarity—and that’s exactly what we are working toward,” Bessent stated. He highlighted the passage of the stablecoin bill as the administration’s first major step, aiming to apply the highest U.S. regulatory and AML standards to digital assets, particularly stablecoins.
According to Bessent, stablecoins could generate up to $2 trillion in demand for U.S. Treasuries in the near term, a massive increase from the current estimated $300 billion. The Trump administration sees this as a strategic opportunity to both strengthen the digital asset ecosystem and expand demand for U.S. debt instruments.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/trump-administration-prioritizes-digital-assets-citing-2-trillion-potential-in-stablecoin-driven-treasury-demand/