CandleFocus Pro-crypto Treasury Secretary Bessent to meet with anti-crypto Senator Warren
2024-12-18
Author: Content Editor
Scott Bessent, Donald Trump's pick for Treasury Secretary, is set to meet with Senator Elizabeth Warren today for a discussion on cryptocurrency. Bessent, a proponent of blockchain technology, is expected to face tough questions from Warren, who is known for her skepticism towards crypto. Warren has accused crypto of undermining financial systems and enabling illicit activities. She has proposed the Anti-Money Laundering Act to regulate the industry more strictly. Bessent has expressed his belief in the transformative power of cryptocurrency and has outlined plans to establish a national Bitcoin reserve and form a crypto advisory council. The meeting between Bessent and Warren is seen as a clash between opposing views on crypto.
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