On June 19, U.S. Treasury Secretary Bessant said that "cryptocurrencies do not pose a threat to the dollar. In fact, stablecoins can cement the hegemony of the US dollar. Digital assets are one of the most important phenomena in the world today, but they have long been ignored by governments. This administration is committed to establishing the United States as a hub for digital asset innovation, and the GENIUS Act brings us one step closer to that goal."
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U.S. Treasury Secretary: Cryptocurrency will not pose a threat to the dollar, stablecoins help solidify the dollar's hegemony
On June 19, U.S. Treasury Secretary Bessant said that "cryptocurrencies do not pose a threat to the dollar. In fact, stablecoins can cement the hegemony of the US dollar. Digital assets are one of the most important phenomena in the world today, but they have long been ignored by governments. This administration is committed to establishing the United States as a hub for digital asset innovation, and the GENIUS Act brings us one step closer to that goal."