U.S. Treasury Secretary: Cryptocurrencies Do Not Pose a Threat to the Dollar, Stablecoins Help Strengthen Dollar Hegemony

BlockBeats reported on June 19 that U.S. Treasury Secretary Besent stated, "Cryptocurrency does not pose a threat to the US dollar. In fact, stablecoins can reinforce the dollar's dominance. Digital assets are one of the most significant phenomena in today's world, yet they have long been overlooked by governments. This administration is committed to making the United States a hub for digital asset innovation, and the 'GENIUS Act' brings us one step closer to that goal."