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U.S. Treasury Secretary: Senate Rejection of Stablecoin Bill Could Stifle Innovation
2025-05-09 14:38
BlockBeats News, May 9: U.S. Treasury Secretary Scott Bessent today stated that the Senate's failure to advance the GENIUS Act was a missed opportunity to expand the U.S. dollar's dominance. The bill was originally aimed at establishing a unified federal regulatory framework for stablecoins and digital assets, replacing the current state-level regulatory system.
Bessent warned that if the United States fails to establish leadership in the digital asset sector, related innovative activities may shift overseas.
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2025-05-08 23:57
2025-05-09 10:22
2025-05-09 12:00
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2025-05-09
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