🤑 Crypto’s Golden Age: Bessent Says America’s Striking It Rich! 🤑

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Well, slap my knee and call me astonished! U.S. Treasury Secretary Scott Bessent, a man who’d probably call a pig’s ear a silk purse if it had enough zeros, has declared that the United States is in the midst of a “golden era” of cryptocurrency. 🌟 Apparently, we’re all about to get rich off this blockchain hootenanny, and by “we,” I mean the folks who can spell “decentralized” without breaking a sweat. 🤓

  • Bessent, in a fit of X-posting exuberance, proclaimed the U.S. is the new crypto Promised Land. 🗺️
  • Companies, he says, should pack their bags and head to America, where regulations are as clear as mud but somehow still inviting. 🧐

All this crypto cheerleading comes as the U.S. crypto scene is supposedly booming under President Donald Trump. 🎉 Yes, the same Trump who once tweeted that Bitcoin seemed “thin air.” But hey, who’s keeping score? Among the milestones Bessent’s crowing about are the Genius Act (a name so bold it practically dares you to question it), the President’s Working Group on Digital Assets report (a real page-turner, I’m sure), and the SEC’s “Project Crypto” initiative (because nothing says innovation like a government project). 🚀

Bessent’s been beating the drum for crypto, vowing to make the U.S. the crypto capital of the world. 🌍 Because, you know, nothing says “global leader” like a country where half the population still thinks Bitcoin is a type of bird. 🐦

“Under POTUS, we’re exploring new possibilities in decentralized computing and digital payments to unlock the potential of blockchain technology,” Bessent posted on X. 🧙‍♂️✨ Because nothing says innovation like a government official using buzzwords like a teenager with a thesaurus.

The Great Crypto Truce

Bessent also waxed poetic about America’s march to the “Golden Age of Crypto” in a speech on July 30, as the PWG report dropped. 🎤 According to him, Trump’s election was the crypto equivalent of Moses parting the Red Sea. 🌊 What a moment, he says, compared to the dark days of the previous administration, which he claims was crypto’s arch-nemesis.

“Before President Trump took office, digital assets endured a four-year siege from a hostile White House that took extraordinary measures to drive fintech innovation offshore,” Bessent said. 🏰🔥 Because nothing says “hostile” like trying to regulate a Wild West market.

But fear not! The “anti-crypto army” has been vanquished, and crypto is now the belle of the ball in U.S. digital asset policy. 💃 Legitimate businesses (read: the ones with lawyers) can now thrive, especially in Bitcoin mining (because who doesn’t love burning enough electricity to power a small country? 🌍🔌) and stablecoin issuance (because volatility is so last season). 🧊

On July 31, SEC Chair Paul Atkins chimed in, saying Project Crypto aims to support Trump’s vision of making America the crypto capital of the world. 🏆 The SEC also promises simple rules for the crypto market, which is like promising a simple recipe for a seven-course meal. 🍽️ And let’s not forget the new listing standards for crypto ETFs, because nothing says “compliance” like more paperwork. 📑

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2025-08-01 19:55