U.S. Treasury Secretary Bessent said on Sept. 15 that the dollar remains strong as the world’s reserve currency, arguing that rising global transaction volumes reflect confidence in the U.S. system and in the current administration’s actions. Speaking at a congressional hearing on Tuesday, he said a strong dollar should not be viewed simply as a quoted market price, but as the result of a broader set of policy conditions. Bessent pointed to what he described as growing certainty in regulation, taxes, trade, and energy policy, saying those factors are bringing trillions of dollars into the United States. He also said that while countries including Russia have reduced their foreign exchange reserves, other countries are still actively increasing their holdings. The remarks were cited by BlockBeats, which referenced Jin10 as the source.
U.S. Treasury Secretary Bessent said on Sept. 15 that the dollar remains strong as the world’s reserve currency, and that growth in global transaction volumes reflects 「the credibility of our system and the measures taken by this administration」.
Speaking at a congressional hearing on Tuesday, Bessent said: 「A strong dollar is not a price on a screen; it is the expression of a series of actions. As we have seen during this administration, we are building regulatory certainty, tax certainty, trade certainty, and energy certainty, and that is bringing trillions of dollars into the United States.」
He added that while countries including Russia have reduced their foreign exchange reserves, other countries are still actively increasing their holdings.
The report was cited by BlockBeats, referencing Jin10.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
