U.S. Treasury Secretary Asserts Cryptocurrency No Threat to Dollar

According to Foresight News, U.S. Treasury Secretary Besant stated in a tweet that cryptocurrencies do not pose a threat to the U.S. dollar. He emphasized that stablecoins could actually reinforce the dollar's dominant position. Besant described digital assets as one of the most significant phenomena in the world today, noting that they have been largely overlooked by governments. He affirmed the current administration's commitment to establishing the United States as a hub for digital asset innovation, highlighting that the GENIUS Act brings the country closer to achieving this goal.