U.S. Treasury Secretary Scott Bessent supports stablecoins, believing that stablecoins help strengthen the dominance of the U.S. dollar. He also urged Congress to pass the GENIUS Act as soon as possible. The Senate recently approved a stablecoin framework, marking a shift from last month's setback.

Treasury Secretary Scott Bessent defended stablecoins, stating they can strengthen the dollar's dominance, while urging Congress to pass the GENIUS Act swiftly. The Senate's recent approval of the stablecoin framework marked a reversal from the previous month's setback.

U.S. Treasury Secretary Janet Yellen Supports Stablecoins to Strengthen Dollar Dominance

U.S. Treasury Secretary Janet Yellen Supports Stablecoins to Strengthen Dollar Dominance