[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Treasury Secretary Scott Bessent [@SecScottBessent](/creator/twitter/SecScottBessent) on x 541.3K followers Created: 2025-07-22 00:27:45 UTC In a speech at the Federal Reserve Capital Conference, I explained how “regulation by reflex” doesn’t work—for banks or consumers. Rather than preempting crises, bank regulators all too often react to them after the fact. They play the role of a hazmat cleanup team instead of preventing dangerous spillovers from happening in the first place. To fix this, we need a fundamental reset that ties financial regulation to an overarching strategic vision for the financial system. Defining that vision requires value judgments. And so, it cannot be a purely technocratic exercise. Instead, defining a path forward requires leadership with a broad perspective and coordination across the whole of government. The Treasury Department is perfectly positioned to provide that leadership. XXXXXXX engagements  **Related Topics** [reset](/topic/reset) [federal reserve](/topic/federal-reserve) [bessent](/topic/bessent) [Post Link](https://x.com/SecScottBessent/status/1947453477828837476)
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Treasury Secretary Scott Bessent @SecScottBessent on x 541.3K followers
Created: 2025-07-22 00:27:45 UTC
In a speech at the Federal Reserve Capital Conference, I explained how “regulation by reflex” doesn’t work—for banks or consumers.
Rather than preempting crises, bank regulators all too often react to them after the fact. They play the role of a hazmat cleanup team instead of preventing dangerous spillovers from happening in the first place.
To fix this, we need a fundamental reset that ties financial regulation to an overarching strategic vision for the financial system.
Defining that vision requires value judgments. And so, it cannot be a purely technocratic exercise.
Instead, defining a path forward requires leadership with a broad perspective and coordination across the whole of government. The Treasury Department is perfectly positioned to provide that leadership.
XXXXXXX engagements
Related Topics reset federal reserve bessent