U.S. Treasury Secretary Besant: Focus on Hong Kong's Digital Asset Innovation, May Impact Bitcoin and Gold Pricing Systems

Odaily News U.S. Treasury Secretary Besant recently stated that Hong Kong is currently exploring a new financial system based on digital assets as a "sandbox" testing ground for financial innovation, raising market concerns about potential impacts on the Bitcoin and gold pricing systems. Besant added that there is currently no conclusive evidence to prove this, but related rumors persist in the market, and the U.S. is closely monitoring the developments. Analysts point out that if a sovereign digital asset system linked to gold emerges in the future, it could have long-term effects on the existing U.S. dollar-dominated financial system and the pricing logic of crypto assets. However, currently, the situation remains largely in the stage of policy discussion and market speculation, with short-term impacts on the crypto market primarily driven by sentiment and expectation-based trading. (Forbes)