- Treasury Secretary announces U.S. crypto policy shift.
- Focus on decentralized finance innovation begins.
- Immediate cautious market response to announcement.
U.S. Treasury Secretary Scott Bessent announced on August 1, 2025, that the U.S. has entered a “Golden Age of Crypto,” potentially transforming national policy toward digital assets.
Bessent’s declaration could position the U.S. as a leader in blockchain and decentralized finance, although initial market reactions remain cautious, with Bitcoin prices declining on the announcement.
The U.S. Treasury Secretary declared a “Golden Age of Crypto,” marking a pivotal shift in national policy. This represents a commitment to advancing blockchain and digital payment systems with increased regulatory support, signifying a major government-level endorsement.
Scott Bessent, the Treasury Secretary, announced the U.S. will focus on decentralized finance innovation. He emphasized launching companies and protocols locally under this favorable policy environment, aiming to position the U.S. as a global blockchain leader.
The announcement’s immediate market impact was marked by a cautious investor response. Bitcoin and the iShares Bitcoin ETF both experienced declines, reflecting uncertainty despite the long-term potential for increased institutional interest.
Political and economic implications may include creating a friendlier regulatory environment for cryptocurrencies. This move contrasts with previous administrations and could support U.S. dominance in blockchain and decentralized finance sectors globally.
Regulatory partnerships like the SEC’s “Project Crypto” aim to update securities laws for tokenized assets. This collaboration is expected to encourage institutional and venture capital flows, aligning policy with technological advancements.
These efforts by key leaders could see long-term growth in compliant DeFi and stablecoins. Scott Bessent, Treasury Secretary, U.S. Department of the Treasury, said: “The U.S. has entered the Golden Age of Crypto. Under POTUS, we are exploring new possibilities in decentralized computing and digital payments to unlock the potential of blockchain technology. So start your companies here. Launch your protocols here. And hire your workers here.” As high-level support solidifies, U.S.-based platforms might receive increased capital inflow, encouraged by clearer regulations and an innovative agenda.
