U.S. Treasury's Bessent calls out crypto 'nihilists' resisting market structure bill

Treasury Secretary Bessent said market participants who don't want strong regulation should "move to El Salvador." What to know : In some particulary spicy sentiments, U.S. Treasury Secretary Scott Bessent bashed crypto insiders who are getting in the way of legislative progress for the long-awaited Digital Asset Market Clarity Act. Bessent testified in the Senate Banking Committee that some in the industry seem to want no regulation at all.