U.S. Treasury
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Scott Bessent Champions Blockchain Adoption in U.S. Treasury’s Vision for Decentralized Future
Treasury Secretary Scott Bessent announced on August 1, 2025, that the U.S. Treasury is exploring blockchain for payments and decentralized computing under President Trump’s administration. This move aims to position the U.S. as a global crypto leader.
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U.S. Treasury to Phase Out Penny Production for Cost Savings
The U.S. Treasury has announced it will stop minting pennies, citing high production costs and taxpayer savings of $56 million annually.