Secretary Bessent stated, "The regulatory framework for digital asset markets is unclear. A growing share of crypto development [has] relocated to places with clear rules, such as Abu Dhabi and Singapore. Abroad, firms knew when and how to register, what standards to meet, and how to operate. The benefits of domiciling in the U.S. rarely outweighed the risks." The Commission on Security and Cooperation in Europe, chaired by Senator Roger Wicker of Mississippi and Representative Joe Wilson of South Carolina, will receive a briefing today on Vatican diplomacy in an age of estrangement, power politics, and war. |