Bessent fields lawmaker questions on crypto and deposits, CDFI Fund
By ABA Banking Journal Staff
AI Summary
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.
Texas Relevance
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.
Original Content
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 .