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Senator Elizabeth Warren has sent a 31-page letter to Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, ahead of his Senate confirmation hearing. The letter outlines key questions related to cryptocurrency regulations, urging Bessent to consider stricter rules targeting anti-money laundering (AML), counter-terrorism financing (CTF), stablecoins, and international platforms. Warren's letter also raises concerns about the potential use of cryptocurrencies in illicit finance and calls for enhanced regulatory oversight.
Tomorrow at 10:30 the only question that matters at Bessent's confirmation hearing will not be asked Mr. Bessent will you term out the debt given you criticized the Yellen Treasury for not doing so. @SecYellen
Scott Bessent will be an outstanding Secretary of the Treasury and I look forward to quickly moving his nomination. Listen on @newstalk1079: https://t.co/dUeluEeBzH
Scott Bessent is about to go from being someone no one has heard of — to put it in Donald Trump’s words — to sitting through several hours of a very public review of his credentials to be Treasury secretary https://t.co/uLZn3ssELt
