U.S. Department of the Treasury
\nSecretary Statements & Remarks
\nJuly 18, 2025<\/p>\n
WASHINGTON \u2013 U.S. Secretary of the Treasury Scott Bessent issued the following statement following President Trump\u2019s signing of the GENIUS Act:<\/p>\n
\u201cStablecoins represent a revolution in digital finance,\u201d said Treasury Secretary Scott Bessent. \u201cThe dollar now has an internet-native payment rail that is fast, frictionless, and free of middlemen. This groundbreaking technology will buttress the dollar\u2019s status as the global reserve currency, expand access to the dollar economy for billions across the globe, and lead to a surge in demand for US Treasuries, which back stablecoins. The GENIUS Act provides the fast-growing stablecoin market with the regulatory clarity it needs to grow into a multitrillion-dollar industry. The signing of this bill marks a seminal moment for digital assets and dollar supremacy.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. Department of the Treasury Secretary Statements & Remarks July 18, 2025 WASHINGTON \u2013 U.S. Secretary of the Treasury Scott Bessent issued the following statement following President Trump\u2019s signing of the GENIUS Act: \u201cStablecoins represent a revolution in digital finance,\u201d said Treasury Secretary Scott Bessent. \u201cThe dollar now has an internet-native payment rail that is …<\/p>\n","protected":false},"author":3409,"featured_media":15,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[13],"tags":[21],"class_list":["post-27973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-united-states","entry"],"jetpack_publicize_connections":[],"jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/mypr.co.za\/international\/wp-content\/uploads\/2022\/03\/cropped-MyPR_Logo_Square.jpg","_links":{"self":[{"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/posts\/27973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/users\/3409"}],"replies":[{"embeddable":true,"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/comments?post=27973"}],"version-history":[{"count":1,"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/posts\/27973\/revisions"}],"predecessor-version":[{"id":27975,"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/posts\/27973\/revisions\/27975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/media\/15"}],"wp:attachment":[{"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/media?parent=27973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/categories?post=27973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mypr.co.za\/international\/wp-json\/wp\/v2\/tags?post=27973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}