US Treasury Secretary Bessent: US Earned Tens of Millions of Dollars in Yen Intervention

BlockBeats news, September 15: U.S. Treasury Secretary Bessent said at a hearing: If it is clear that congressional authorization is needed, he will meet with U.S. House Speaker Johnson. In the field of artificial intelligence, it is necessary to address both innovation and security issues. We are engaged in "the most important fight of a lifetime" for strategic industries. The Treasury Department's bond buyback intervention has been successful. The funding offset plan for $5,000 checks is "moving forward." Lawmakers are encouraged not to exempt artificial intelligence from liability. Artificial intelligence companies should not be given a "blank liability check." Past assistance to Argentina earned tens of millions of dollars. We have maintained continuous dialogue on the issue of Japanese intervention. The United States used "notional amounts" in yen intervention. The United States earned tens of millions of dollars in yen intervention. A stronger yen is beneficial to U.S. exporters. A stronger yen means the Japanese government does not need to sell U.S. assets.