US: Bessent Sees Crypto As a Way to Defend the Dollar

At the Ripple Swell conference held on October 27, 2026, US Treasury Secretary Scott Bessent presented crypto as a tool to preserve the global dominance of the dollar. According to him, digital assets join AI and semiconductors in the technological rivalry with China. He also mentioned a joint action by the Treasury, SEC, and CFTC following the blocking of the Clarity Act in the Senate during a procedural vote. According to Scott Bessent, the era when the dollar’s dominance historically relied on military strength is now over. Today, it increasingly relies on technology. On October 27, 2026, he cited AI and semiconductors, then placed crypto in the same competition between the US and Chinese ecosystems.

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