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Bessent fields lawmaker questions on crypto and deposits, CDFI Fund

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Operational Brief

Scott Bessent assured lawmakers of efforts to prevent deposit volatility in digital asset markets; the discussion did not explicitly mention Texas, TX, TCUD, or any Texas-specific entities.

Why It Matters for Texas Credit Unions

The article does not specifically mention Texas, TX, TCUD, or any Texas-specific entities. The content is focused on federal regulatory efforts related to digital assets and deposits.

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The item has some Texas or operational relevance signals, but the site does not yet have enough support to narrow it to one institution profile with confidence.

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Original Source Material

In his second day of congressional testimony, Treasury Secretary Scott Bessent said he will work to ensure there is “no deposit volatility” associated with a market structure bill for digital assets currently before Congress. The post Bessent fields lawmaker questions on crypto and deposits, CDFI Fund appeared first on ABA Banking Journal .