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Morning Edition · Wednesday, October 28, 2026Published at 1:45 AM EDT · New York
Bessent Tells Ripple Conference That Regulators Will Build the Crypto Rules Congress Did Not Pass
The Treasury Secretary presented dollar stablecoins as a source of demand for Treasury debt, as Ripple won final approval from the Office of the Comptroller of the Currency (OCC) for a trust bank to hold RLUSD reserves and Brazilian companies bought Tether's dollar token after Lula's re-election.
Treasury Secretary Scott Bessent told Ripple's Swell conference that digital assets can help keep the dollar dominant, CoinDesk reports. He also said action by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading C…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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