US Treasury Secretary: Cryptocurrencies will not threaten the dollar's status, but stablecoins will help consolidate the dollar's hegemony

PANews June 19th news, US Treasury Secretary Scott Becent posted a statement on X platform this morning saying that cryptocurrencies will not threaten the status of the US dollar, but stablecoins will help consolidate the hegemony of the US dollar. He pointed out that digital assets are one of the most important phenomena today, but have been ignored by governments for a long time. Besent stressed that the current government is committed to building the United States as a center for innovation in digital assets, and the advancement of the GENIUS Act takes this goal a step further.

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