Bessent says crypto could become a new tool for preserving U.S. dollar dominance

U.S. Treasury Secretary Bessent said crypto could become America’s next tool for keeping the U.S. dollar on top, according to a CoinDesk report published on Oct. 27, 2026. He made the remarks while speaking at a Ripple conference, where he linked digital assets to a broader policy goal tied to the dollar’s standing. Bessent also said actions by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission could help cover part of the gap left by the failure of the Clarity Act. In the same remarks, he said those regulatory moves could also help curb crypto debanking, a reference to banking access problems faced by parts of the digital asset sector. The report was written by Krisztian Sandor and edited by Nikhilesh De. No additional details were provided in the source summary beyond Bessent’s comments, the venue, and the agencies he referenced.