U.S. Treasury Secretary condemns crypto advocates opposing the Crypto Market Structure Act

PANews February 6 News, according to Coindesk, U.S. Treasury Secretary Scott Bessent made strong remarks at a hearing, criticizing cryptocurrency industry insiders who have hindered the long-awaited legislative process of the Digital Asset Market Transparency Act. Bessent testified before the Senate Banking Committee, saying, “There seems to be a group of nihilists in the industry who would rather have no regulation than accept this very effective regulation.” Bessent stated that market participants who are unwilling to accept strict regulation should “move to El Salvador.”