🚨 TREASURY SECRETARY LOVES CRYPTO 🚨

Scott Bessent welcomes stablecoins.

Why?

Because under the new GENIUS Stablecoin Act, financial institutions can issue stablecoins backed 1:1 by US Treasuries.

More stablecoins = more demand for Treasuries = stronger dollar.

Now add the SLR changes. Banks can take unlimited leverage on Treasuries without extra capital.

Of course the bond salesman loves crypto.

It’s free liquidity, wrapped in regulation.