Statement from the U.S. Secretary of the Treasury on Cryptocurrency and U.S. Dollar Stability
Affirmation of the role of cryptocurrency in the U.S. financial system
On June 19, U.S. Secretary of the Treasury Scott Bessant made directional statements in the cryptocurrency field through the social media platform X. He emphasized that stablecoins would not threaten the dominance of the U.S. dollar but could reinforce its position in the global financial system. Modern digital assets are an important phenomenon that has long been overlooked by governments. Bessant affirmed that the U.S. government is working to establish the country as a world-class cryptocurrency innovation hub.
Development policies and the role of stablecoins in national prosperity
This policy utilizes initiatives like the GENIUS Act to promote collaborative innovation in the cryptocurrency sector. Stablecoins, such as USDT and USDC, are seen as tools to reinforce user trust, helping to protect the U.S. dollar from risks and enhance liquidity in the global market. These digital assets will become an important factor in the development of digital financial infrastructure and maintaining the U.S.'s leadership position in advanced financial technology.
Investment and security in the modern cryptocurrency economy
The U.S. government is committed to creating a safe and sustainable environment for cryptocurrency businesses and investors. Strict regulations along with supportive initiatives for technological innovation will help mitigate risks of fraud, money laundering, and market manipulation. As a result, investors can confidently allocate capital to blockchain projects, DeFi, or digital assets, contributing to sustainable digital economy growth and providing long-term benefits for the global community.
The future of cryptocurrency as predicted by experts
From analysts' perspectives, the role of stablecoins and blockchain projects in the United States will increasingly expand, promoting the widespread acceptance of cryptocurrencies in global payment systems. Users will clearly see the benefits of these assets with fast money transfer capabilities, low costs, and high security. Strategic moves by the U.S. government towards promoting the digital economy will help make cryptocurrency the central topic of financial innovation in the coming years.
Source: https://tintucbitcoin.com/chuyen-gia-my-stablecoin-nang-do-usd/
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