Search results for Scott Bessent
Crypto
U.S. OCC finalises GENIUS Act rule; Bessent calls it a historic moment
The U.S. Office of the Comptroller of the Currency has finalised a rule covering reserves and redemption standards for payment stablecoins and some custody activities, with an effective date of Jan. 18, 2027. The rule details a federal oversight framework under the GENIUS Act enacted in 2025. It applies to certain banks and other eligible issuers, while maintaining a ban on paying interest to holders.
AI & Enterprise
Intel CEO defends China\'s open-weight AI models, calls DeepSeek, Kimi and GLM \'good enough\'
Intel CEO Lip-Bu Tan (립부 탄) publicly defended Chinese open-weight AI models, naming DeepSeek, Kimi and GLM and calling them “good enough,” Cryptopolitan reported. He said he strongly believes in open source and cited the models’ cost efficiency, adding the market should decide which models fit which tasks. The comments echo Nvidia CEO Jensen Huang’s stance. U.S. agencies have warned of large-scale distillation work by Chinese firms since late 2024.
Crypto
CoinShares says Bitcoin rally needs fiscal worry-driven inflows, not rate outlook
Europe\'s largest digital asset manager CoinShares said Bitcoin\'s rally will need fresh inflows driven by fiscal concerns rather than interest rate expectations. It said $11.1 billion has flowed into crypto funds since mid-July but momentum has weakened this week amid a sharp rise in U.S. Treasury yields. CoinShares cited mixed signals from softer employment, persistent inflation and fiscal uncertainty, and said bond markets could ultimately have the biggest impact.
-
Crypto
U.S. Senate report says 84 percent of Iran-linked sanctioned wallets mainly used Tether\'s USDT
-
AI & Enterprise
Jensen Huang says using others\' AI models is competition, clashing with U.S. view of theft
-
AI & Enterprise
Palo Alto CEO says slowing AI development is unrealistic, extinction risk very small
-
Crypto
U.S. moves to expand overseas use of dollar-backed stablecoins
-
AI & Enterprise
Bessent emerges as contender for Trump\'s next AI czar as AI Force plan takes shape
-
AI & Enterprise
U.S.-China AI race hard to win alone as South Korea, Japan roles stand out
-
Crypto
U.S. Treasury sanctions Iranian exchange Bitbank over bitcoin fund moves
-
Crypto
Bitcoin ETFs see biggest outflow since June after Clarity bill fails
-
Crypto
Fed rate hike odds jump to 94.5 percent, putting $70,000 bitcoin at risk
-
Crypto
Bitcoin at key juncture as U.S. rates, oil and regulation loom; focus on Clarity vote
-
Crypto
Strike CEO says bitcoin and AI will cut monetary inefficiency and give humans back time
-
Crypto
Clarity Act this time for real? Scott Bessent presses Senate, warns U.S. lead at risk if it fails
-
AI & Enterprise
Goldman Sachs CIO says Chinese models can be used with safeguards
-
Crypto
U.S. Treasury debt buyback nears $14.5 billion, raising hopes of second rally in bitcoin and XRP
-
Crypto
Scaramucci calls U.S. Treasury chief Bessent\'s debt warning best bitcoin ad of 2026