Bessent notes Clarity Act passed House over a year ago with bipartisan Senate committee progress since
“More than a year ago, the House passed the Clarity Act. There’s been progress since — thousands of hours of bipartisan negotiations took place at the staff and Member levels. The Senate Committees on Banking and Agriculture advanced their respective titles. And Senate”
Bessent says Iran's shadow banking system buckling under Economic Fury, moving hundreds of millions
“Iran’s shadow banking system is buckling under Economic Fury, and the regime is running out of ways to move money. Every facilitator that keeps the regime afloat is putting a target on its own back. Treasury will continue to expose these networks and cut them off from the U.S. https://t.co/u0D0DP6pLe”
Bessent says Iranian regime's reliance on digital assets and shadow banking shows Economic Fury working
“The Iranian regime’s reliance on digital assets and shadow banking networks is further evidence that Economic Fury is working. We will continue to increase the economic pressure. Whether in dollars, rials, or crypto, Treasury will hunt down and dismantle the illicit financial https://t.co/phPYBx4Zxr”
Bessent discusses banking leaders' role in economic and national security in Arizona
“Last week in Arizona, I joined @USComptroller and local banking leaders to discuss the critical role they play on the frontlines of furthering our economic and national security. We highlighted recent guidance issued to supervised financial institutions that supports the https://t.co/jb4w5HTIRX”
Bessent discusses Trump economic agenda with Iowa bankers and congressional leaders
“In Iowa, I joined @ZachNunn, @SteveScalise, @RepJasonSmith, @IowaBankers, Iowa Superintendent of Banking James Johnson, and local banking leaders to discuss how @POTUS’ economic agenda is delivering for American families and Main Street. From providing certainty through the https://t.co/oPgu8fLb6r”
Bessent criticizes Senator Warren's understanding of foreign exchange markets and accuses media of lacking basic financial literacy.
“In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking. What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial https://t.co/0mmp2tapqJ”