U.S. Treasury Secretary Benson Reaffirms Commitment to Strong Dollar Policy

Remarks Come Amid Sharp Decline in DXY and Renewed Interest in Bitcoin and GoldU.S. Treasury Secretary Scott Benson stated on Tuesday that the United States remains committed to a strong dollar policy, despite recent market volatility and the dollar index (DXY) dropping to its lowest level in over three years.“The U.S. continues to adhere to a strong dollar policy,” Benson said in prepared remarks during his financial system address in Washington, D.C.The reaffirmation comes as the U.S. dollar has weakened nearly 9% year-to-date, falling to 98.8 — a level last seen in April 2022 — amid heightened concerns over trade tensions, Treasury buybacks, and potential shifts in monetary policy.Market Context: Dollar Weakness, Crypto StrengthThe timing of Benson’s statement is notable as Bitcoin (BTC) and gold have surged to multi-week highs, with investors increasingly viewing both assets as hedges against dollar depreciation and macroeconomic instability.BTC recently crossed $94,000, its highest since early MarchGold hit a new all-time high of $3,382 per ounceEquity markets also remain elevated, with the S&P 500 gaining 2.5% on the dayDespite these moves, analysts suggest Benson’s remarks are intended to calm markets and reinforce the U.S. government’s long-standing currency policy.