CoinVoice recently learned that U.S. Treasury Secretary Basant posted on X platform stating, "Blockchain technology will power the next generation of payments, and the U.S. dollar is coming onchain, thanks to Trump's leadership and Senator Bill Hagerty's important work in Congress, the (GENIUS Act) will help solidify the dollar's position as the global reserve currency for generations to come."
In addition, U.S. Deputy Secretary of the Treasury Michael Faulkender also stated, "With the (GENIUS Act) providing legal clarity for stablecoins, the United States now has a faster, cheaper, and safer way to transact, which increases global acceptance and demand for digital payments backed by the dollar, reinforcing the commitment to making the United States the world's crypto capital." [Original link]