U.S. Treasury Secretary Scott Bessent stated that the ethos of cryptocurrency is rooted in freedom and emphasized that the crypto economy is here to stay. His remarks were made during a recent discussion regarding the integration of blockchain technology in federal operations. Bessent's comments have been interpreted as bullish for the cryptocurrency sector, particularly for U.S.-based blockchains such as $DAG, $ADA, $AVAX, $ALGO, $HBAR, and $XRP. Additionally, the acting chair of the SEC, Mark Uyeda, who is a proponent of Bitcoin and cryptocurrency, echoed the sentiment that the 'war on crypto must end.' Elon Musk also expressed support for the idea of placing the U.S. Treasury on the blockchain to combat fraud and corruption, further underscoring a growing acceptance of blockchain technology within governmental frameworks.