U.S. Treasury Secretary Basent: Crypto Assets will not pose a threat to the U.S. dollar, and stablecoins can reinforce the dollar's dominance.

[US Treasury Secretary Bessent: Cryptocurrency will not pose a threat to the US dollar, stablecoins can reinforce the dollar's hegemonic position] US Treasury Secretary Bessent stated on the X platform that cryptocurrency will not pose a threat to the US dollar. In fact, stablecoins can reinforce the hegemony of the US dollar. Digital assets are one of the most important phenomena in today's world, but they have long been overlooked by governments around the world. This administration is committed to making the US a center for digital asset innovation, and the GEN Act brings us one step closer to this goal.