U.S. Treasury Secretary Proclaims ‘Golden Age of Crypto,’ Calls on Innovators to Build in America
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
On August 1, U.S. Treasury Secretary Scott Bessent took to social media platform X to announce what he described as a historic turning point for blockchain and digital asset innovation. He characterized the current moment as a “Golden Age of Crypto,” signaling strong federal backing for decentralized technologies and digital financial systems.
Bessent’s remarks highlight a significant pivot in U.S. policy, moving away from the cautious stance that has long defined regulatory discussions. Instead, the administration is now positioning itself to embrace the rapid global evolution of crypto markets and blockchain infrastructure.
“The United States has entered the Golden Age of Crypto,” Bessent declared, framing the shift as a cornerstone of national economic strategy. He emphasized that, under the current administration, new frontiers in decentralized computing and digital payments will be actively explored to fully harness blockchain’s potential.
In a direct message to the industry, Bessent urged founders and developers to root their projects in the U.S.: “Start your companies here. Launch your protocols here. Hire your workers here.” His appeal reflects a broader effort to attract crypto entrepreneurs, foster innovation domestically, and ensure that the United States remains a global leader in the digital asset economy.
These remarks align with a broader national push to cement U.S. dominance in the global Web3 landscape. Industry leaders have increasingly praised the current administration as the most crypto-friendly in American history, pointing to its openness in working with stakeholders and commitment to creating clearer regulatory pathways. President Donald Trump has gone so far as to pledge that the United States will become the “global capital of crypto.”
At the regulatory level, SEC Chair Paul Atkins is steering the Commission away from its previous reliance on “regulation by enforcement” and toward a more cooperative, policy-oriented framework.
Bessent’s comments also come on the heels of several major milestones: the enactment of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the SEC’s rollout of Project Crypto, and the White House’s publication of a comprehensive report on digital asset markets by the President’s Working Group.
