Scott Bessent Echoes CZ’s Media War Playbook In Explosive Attack on FT
Treasury Secretary Scott Bessent vehemently denied an FT report claiming he supported modeling Fed oversight on the Bank of England framework.Summary
US Treasury Secretary Scott Bessent issued an explosive denial against the Financial Times (FT) for reporting that he supported modeling Treasury-Federal Reserve relations on the Bank of England (BoE) framework, calling the story "explicitly false" and manufactured.
Bessent stated that journalists ignored his on-the-record rejection and pointed to his extensive published commentary where no such proposal exists, dismissing the BoE's governor-chancellor letter system as "useless and perfunctory."
The article draws a parallel between Bessent's aggressive denial and a similar media confrontation launched by Binance co-founder Changpeng Zhao (CZ) against the FT in September 2025 over a report on his investment firm. The dispute is significant for crypto markets because Bessent is an influential voice shaping US digital asset regulation, and any shift in Treasury-Fed dynamics could impact monetary policy signals and regulatory posture.
(Source：BeInCrypto)