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Crypto

U.S. Treasury secretary says stablecoins boost dollar\'s dominance, legislative gap remains

The U.S. Treasury has stressed the need to secure leadership in digital assets and said stablecoins can strengthen the dollar’s global standing. Treasury Secretary Scott Bessent said at Ripple’s Swell conference in New York that digital assets, AI and semiconductors are key infrastructure battlegrounds with China. He highlighted dollar-linked stablecoins’ reliance on U.S. Treasuries and said they could broaden dollar access. U.S. legislation remains uncertain, with parts advancing while a broader market-structure bill has failed.

Crypto

U.S. Treasury secretary appears alongside Ripple CEO Garlinghouse at Swell 2026

Ripple CEO Brad Garlinghouse appeared in public with U.S. Treasury Secretary Scott Bessent at the Swell 2026 event in New York, drawing attention from the XRP community. Bessent was added to the speaker list shortly before the event and has backed efforts to refine digital asset regulation. Ripple said it received final approval to establish Ripple National Trust Bank and disclosed expanded cooperation with BNY and Robinhood. The event runs Oct. 27-29 in Manhattan.

Crypto

Bitcoin $150,000 target fades as Citi, Standard Chartered and Bernstein cut forecasts

Citi, Standard Chartered and Bernstein have lowered their bitcoin price targets for this year, CoinPost reported on Oct. 27. With bitcoin trading around $80,000, reaching $150,000 would require an 88% rise. Standard Chartered cut its year-end target to $100,000 and Bernstein set $125,000, pushing $150,000 to mid-2027. Some earlier high-end forecasts have since been revised down as macro and regulatory uncertainty persists.