U.S. Treasury Secretary Yellen: The dollar is about to go on-chain

ChainCatcher news, U.S. Treasury Secretary Basant stated on the X platform, "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."

Additionally, U.S. Deputy Treasury Secretary Michael Faulkender also stated, "With the GENIUS Act providing legal clarity for stablecoins, the U.S. now has a faster, cheaper, and safer way to transact, which increases global acceptance and demand for digital payments supporting the dollar, reinforcing the commitment to make the U.S. the world's crypto capital."