US Treasury Secretary: Cryptocurrency Will Not Pose a Threat to the Dollar

U.S. Treasury Secretary Bessent stated, "Cryptocurrencies do not pose a threat to the U.S. dollar. In fact, stablecoins can reinforce the dollar's dominant position. Digital assets are one of the most significant phenomena in the world today, yet they have long been overlooked by governments. This administration is committed to making the United States a hub for digital asset innovation, and the GENIUS Act brings us one step closer to that goal."