Treasury Secretary Scott Bessent Says US Dollar Coming On-Chain As Landmark Stablecoin Bill Becomes Law

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The secretary of the Department of the Treasury says the dollar will now be integrated into blockchains as the US passes a landmark bill creating a regulatory framework for stablecoins. In a post on the social media platform X, Scott Bessent says that the greenback will embrace the technology underpinning cryptocurrencies following President Donald Trump’s signing of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The law sets strict regulatory standards for b...