$SEI
Cooling DownSnapshot Window: 2026-08-24 12:00 UTC · ← Back to Crypto Overview
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Bessent could tap nearly $1 trillion in Treasury cash to support the US bond market, CNBC reports. A major drawdown would push yields lower and inject liquidity into markets, boosting stocks and crypto.
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AI visual note: Scott Bessent, the U.S. Treasury Secretary, stands alongside a MacroMicro graph showing the US Treasury General Account (TGA) at $935,077 million as of August 21, 2024—nearly $1 trillion in cash that could be drawn down to support the bond market, push yields lower, and inject liquidity into equities and crypto markets.