U.S. Treasury Secretary Scott Bessent stated that cryptocurrency poses no threat to the U.S. dollar.
In fact, he believes that stablecoins could help reinforce the dollar’s global dominance.
“Digital assets are one of the most significant developments of our time, and governments have ignored them for far too long,” Bessent said.
He emphasized that the U.S. aims to become a global leader in digital assets, and the GENIUS bill is a step in that direction.
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