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U.S. Treasury Secretary Scott Besant recently stated that the United States "should be the preferred destination for digital assets." This statement comes as lawmakers engage in heated debates over the establishment of a regulatory framework for cryptocurrencies. Besant was asked during a House Financial Services Committee hearing on Wednesday why the U.S. needs to maintain a leading position in the crypto field. "We firmly believe that the U.S. should be the preferred destination for digital assets," Besant responded, "just as this committee and our Senate colleagues are striving to achieve—establishing a comprehensive market structure—making U.S. industry standards a global model."

Natixis economist Benito Berber stated that Federal Reserve Chairman Powell might have little to say about the impact of tariffs on inflation because goods shipped from China after "Liberation Day" have yet to reach the U.S. market. Berber expects the inflation impact to become apparent in June, predicting that the Federal Reserve will hold steady until September, at which point it will begin cutting interest rates and continue until 2026.