Gate News reports that in 2026, U.S. Treasury Secretary Scott Bessent publicly criticized related reports published by the Financial Times, calling their content “completely fabricated,” and denied ever supporting a restructuring of the relationship between the Treasury and the Federal Reserve modeled after the Bank of England. Previously, the Financial Times cited an anonymous financial executive stating that Bessent was considering introducing an accountability communication mechanism similar to that between the U.K. Chancellor and the central bank governor, which quickly sparked discussions at the policy level.
In response, Bessent clarified that he had never proposed such a plan and emphasized that in his past policy discussions, which exceeded 20,000 words, he had never addressed this direction. He also bluntly stated that the Bank of England’s communication mechanism is “superficial” and lacks practical value. This firm stance highlights the current sensitivity surrounding the independence of U.S. monetary policy.
It is noteworthy that this incident echoes CZ’s previous public rebuttal against the media. In 2025, CZ similarly denied media reports about his investment plans and criticized the narratives built on anonymous sources. Recently, he also questioned another mainstream media outlet, indicating that its reporting on issues related to crypto trading was inaccurate.
At the market level, such controversies are not merely public opinion events. As a key policymaker in U.S. fiscal policy, Bessent holds significant influence over topics such as digital asset regulation, stablecoin legislation, and Bitcoin as a strategic reserve. Any anticipated adjustments to the power structure between the Treasury and the Federal Reserve could transmit to the crypto market through interest rate paths, liquidity environments, and regulatory signals.
Meanwhile, potential policy successor Kevin Warsh had previously expressed interest in strengthening central bank accountability mechanisms, which adds continuity to the relevant discussions. In the context of high uncertainty in the current macro environment, even minor changes in policy signals could become significant variables influencing the trends of Bitcoin and Ethereum.
This incident also reflects a trend: the game between policymakers and mainstream media is intensifying, and the credibility of information sources is gradually becoming a new focal point of concern in the financial markets.
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