Treasury may raise longstanding bank reporting thresholds and take into account how long financial institutions have known their customers, Treasury Secretary Scott Bessent told lawmakers Tuesday (Sept. 15). House Financial Services Committee Chairman French Hill, R-Ark., asked Bessent about updating thresholds for Suspicious Activity Reports...
Treasury Secretary Scott Bessent says American banks are working to safeguard against AI-related cyberthreats. Bessent addressed the issue Sunday (May 3) in an interview with Fox News, coming in the wake of a meeting he and Federal Reserve Chair Jerome Powell held with Wall Street...
Treasury Secretary Scott Bessent called Thursday (April 9) for Congress to pass the Digital Asset Market Clarity Act (CLARITY Act), warning that the current lack of a clear regulatory framework is eroding U.S. leadership in the crypto market. In a Wall Street Journal op-ed, Bessent...
Treasury Secretary Scott Bessent said Friday (Feb. 13) that the crypto industry should support the CLARITY Act and help get it passed as soon as possible. During an interview on CNBC, Bessent said the crypto market structure bill has bipartisan support in Congress, but if it is delayed, it...
October 09, 2025
Community banks remain vital to the U.S. economy but face mounting pressures to modernize amid competition from larger banks and FinTechs. At the Federal Reserve’s 2025 Community Bank Conference, Treasury Secretary Scott Bessent, Federal Reserve Vice Chair for Supervision Michelle W. Bowman, and Governor Michael S. Barr, each described how technology, transparency, and tailored regulation […]
March 07, 2025
On Friday (March 7), the crypto industry came to Washington D.C. Specifically, they came to the White House’s State Dining Room, where the nation’s first ever “Crypto Summit” was held. President...
September 16, 2026
Treasury Secretary Scott Bessent told Axios reporters that the United States is willing to discuss artificial intelligence risks with China, the reporters said Wednesday (Sept. 16). “The U.S. is open to discussing shared risks with China in upcoming AI talks this weekend, Treasury Secretary Scott Bessent tells [Maria Curi] and me,” Axios reporter Marc Caputo […]
May 03, 2026
Treasury Secretary Scott Bessent says American banks are working to safeguard against AI-related cyberthreats. Bessent addressed the issue Sunday (May 3) in an interview with Fox News, coming in the...
April 09, 2026
Treasury Secretary Scott Bessent called Thursday (April 9) for Congress to pass the Digital Asset Market Clarity Act (CLARITY Act), warning that the current lack of a clear regulatory framework...
February 13, 2026
Treasury Secretary Scott Bessent said Friday (Feb. 13) that the crypto industry should support the CLARITY Act and help get it passed as soon as possible. During an interview on CNBC, Bessent said the...