U.S. Treasury Secretary Scott Bessent has urged the Federal Reserve to consider a 50 basis point rate cut in September, citing recent economic data and market adjustments. This potential move is anticipated to impact financial markets, particularly affecting cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), due to its effect on liquidity and risk appetite. Bessent’s call for action follows revisions to economic indicators and market pricing, which indicate a need for the Fed to respond. The Secretary specifically noted that market expectations of rate cuts are high and he expects a possible cut in June if appropriate data becomes available. His statement reflects a shift towards a dovish outlook and aligns with the increased probability of rate adjustments in coming months. This expectation could impact macro-sensitive crypto assets like BTC and ETH, which may react to changes in liquidity and risk appetite.