Bessent Says Crypto Could Reinforce the Dollar’s Global Role

Digital assets could extend the dollar’s global reach as technology grows more central to U.S. influence, Treasury Secretary Scott Bessent said Tuesday, Oct. 27, linking crypto infrastructure to countries’ financial choices. At Ripple’s Swell conference, where he spoke with CEO Brad Garlinghouse, Bessent said the United States would retain its military protection even as technology leadership grows more important. He cited the widening divide between U.S. and Chinese technology ecosystems, with countries and companies weighing which artificial intelligence systems and semiconductors to adopt.