According to PANews, U.S. Treasury Secretary Besent announced on the X platform that blockchain technology will drive next-generation payments, with the U.S. dollar set to be integrated onchain. This development is attributed to the leadership of U.S. President Donald Trump and the significant efforts of Senator Bill Hagerty in Congress. The GENIUS Act is expected to reinforce the dollar's status as the global reserve currency for future generations.
Additionally, U.S. Deputy Treasury Secretary Michael Faulkender stated that the GENIUS Act provides legal clarity for stablecoins, enabling faster, cheaper, and more secure transactions. This advancement increases global acceptance and demand for dollar-backed digital payments, strengthening the commitment to establish the United States as the world's crypto capital.