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U.S. Treasury Secretary: Implementing the GENIUS Act is crucial for America's leadership in the digital asset space.
Gate News bot message, the U.S. Department of the Treasury is required to publish a request for comments based on the "GENIUS Act". U.S. Treasury Secretary Basant commented on this, emphasizing that the implementation of this act plays a critical role in ensuring the United States' leadership in the digital asset sector.
Bessent pointed out that stablecoins will provide a broader way for billions of people worldwide to use the dollar, while significantly increasing the demand for U.S. Treasury bonds that support stablecoins. He stated: "This is a win-win-win situation for stablecoin users, issuers, and the U.S. Treasury."