🇺🇸 Sec. Bessent comments on the GENIUS Act, the first comprehensive federal regulatory framework for payment stablecoins.

It stands for: Guiding and Establishing National Innovation for U.S. Stablecoins Act.

"POTUS and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework.

We work to provide the regulatory certainty businesses need to innovate and grow in America, cement the role of the U.S. dollar as the world’s reserve currency, and keep America the crypto capital of the world."

Will the U.S. remain the "crypto capital of the world?"

Source:@SecScottBessent/ Writer: Michael