U.S. Treasury Secretary Bessant stated that cryptocurrencies do not threaten the U.S. dollar's dominance. Instead, stablecoins could reinforce the dollar's global hegemony. Bessant emphasized the importance of digital assets, noting that they have been overlooked by governments for too long. The current administration aims to position the United States as a hub for digital asset innovation, with the GENIUS Act playing a pivotal role in achieving this objective.