How Trump’s Crypto Push Is Linked to Bessent’s Treasury Moves

Stablecoins could drive demand for Treasury bills By Telis Demos, The Wall Street Journal Treasury Secretary Scott Bessent’s mission to tame the bond market could get help from another Trump administration push: crypto legislation. Last week, the U.S. Treasury announced larger buybacks of longer-term bonds. That can be funded by increasing issuance of shorter-term Treasury bills, or what Bessent, speaking on CNBC, called a Treasury twist. In that context, it is notable that Bessent has in the