TechFlow news, on May 9, U.S. Treasury Secretary Scott Bessent stated in a post that the Senate's failure to advance the GENIUS Act missed a critical opportunity to expand the dominance of the dollar. The bill was originally intended to establish a unified federal regulatory framework for stablecoins and digital assets, replacing the existing state-level regulatory system. Bessent warned that if the United States fails to establish leadership in the digital asset space, related innovation activities could shift overseas.
Add to Favorites
Share to Social Media
