Secretary of the Treasury Scott Bessent met with Singapore’s Prime Minister Lawrence Wong in Gyeongju to discuss ongoing priorities between the two countries. During their meeting, Secretary Bessent highlighted the longstanding investment activities of Singapore’s sovereign funds in the United States.
Bessent also acknowledged Singapore’s progress in promoting digital assets and U.S. dollar stablecoins. He thanked Prime Minister Wong for Singapore’s cooperation with the U.S. Treasury in efforts against organized crime groups.
Additionally, Secretary Bessent emphasized the importance of continued collaboration to prevent purchases of Russian and Iranian oil.
