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

On July 20th, U.S. Treasury Secretary Bessent posted on the X platform, stating, "Blockchain technology will power the next generation of payments, and the U.S. dollar is about to be on-chain. Thanks to Trump's leadership and Senator Bill Hagerty's important work in Congress, the GENIUS Act will help solidify the U.S. dollar's position as the global reserve currency for generations to come." [TechFlow]