Not A Charm@not_a_charm

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Treasury Secretary Scott Bessent on GENIUS Act

Sec. Bessent is weighing in on the GENIUS Act, which marks the first comprehensive federal regulatory framework for payment stablecoins. The acronym stands for Guiding and Establishing National Innovation for U.S. Stablecoins Act. POTUS and Congress delivered this legislation, creating a landmark framework with clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that structure. The department works to provide the regulatory certainty businesses need to innovate and grow in America. They also aim to cement the role of the U.S. dollar as the world's reserve currency while working to keep America the crypto capital of the world. This raises the question of whether the U.S. will remain the crypto capital of the world.

1mo

Not A Charm@not_a_charm

Follow

Treasury Secretary Scott Bessent on GENIUS Act

Sec. Bessent is weighing in on the GENIUS Act, which marks the first comprehensive federal regulatory framework for payment stablecoins. The acronym stands for Guiding and Establishing National Innovation for U.S. Stablecoins Act. POTUS and Congress delivered this legislation, creating a landmark framework with clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that structure. The department works to provide the regulatory certainty businesses need to innovate and grow in America. They also aim to cement the role of the U.S. dollar as the world's reserve currency while working to keep America the crypto capital of the world. This raises the question of whether the U.S. will remain the crypto capital of the world.

1mo