Moody’s downgraded the U.S. credit rating from Aaa to Aa1 in a move that has sparked debate within financial markets. The decision has been met with criticism, particularly from Kevin Hassett, Director of the National Economic Council under former President Trump, who sees it as overly punitive for past fiscal policies. He asserts that U.S. Treasury bonds remain the safest option, while emphasizing efforts to reduce spending under the Trump administration. The downgrade comes at a time of economic uncertainty and has prompted reactions from various parties, including experts. Hassett’s view aligns with Treasury Secretary Scott Bessent who also points to the need for fiscal discipline in response to past federal expenditures. While Treasury bonds haven’t faced immediate disruption, their status as global benchmark for risk-free assets remains intact. The crypto market, however, displays a measured response to these developments. 2025 saw market expert opinion coalesce around the resilience of US Treasuries and their enduring ability to act as safe havens during times of economic uncertainty. This has been evident in the history since the last major U.S. credit downgrade in 2011, which solidified the position of U.S. Treasury bonds as a global safe-haven.