U.S. Treasury Secretary Slams Senate for Missed Opportunity on Stablecoin Bill

U.S. Treasury Secretary Scott Bessett has expressed disappointment with the Senate’s inaction regarding the GENIUS Act, a crucial piece of legislation aimed at regulating stablecoins. According to Odaily, Bessett believes this missed opportunity could hamper the U.S. in its efforts to lead global innovation in digital assets and maintain control over the dollar’s influence on financial markets.