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.”
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.”