U.S. Treasury Secretary Scott Bessent warned that another government shutdown would inflict billions of dollars in economic damage and spill over into the cryptocurrency market, according to Techub, citing CryptoBriefing. He also said digital asset innovation remains a policy priority. The remarks came as Washington entered another round of fiscal negotiations, placing crypto policy alongside broader budget uncertainty. Techub also noted that Bessent had backed stablecoins and tokenization in July 2025 and argued that digital assets should remain in the private sector. His latest comments were seen as a sign that, even during fiscal strain, he is still signaling support for a more favorable regulatory setting for the crypto industry.
U.S. Treasury Secretary Scott Bessent said the United States cannot afford another government shutdown.
According to Techub, citing CryptoBriefing, Bessent warned that a shutdown would cause billions of dollars in damage to the economy and would also affect the cryptocurrency market. He added that digital asset innovation remains a policy priority.
Techub said Bessent had previously advocated for stablecoins and tokenization in July 2025, and had argued that digital assets should stay in the private sector. The warning came as Washington faces a new round of fiscal talks. His comments were seen as a signal of regulatory tailwinds for the crypto industry during a period of fiscal uncertainty.
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