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US Treasury Secretary Promises Dollar and Blockchain Integration
The GENIUS Act laid the groundwork for the issuance of regulated stablecoins pegged to the US dollar, and the Treasury views blockchain technology as a key element of the future international financial system—where the US dollar is expected to play a central role, according to the Secretary.
In a post on X, the Treasury Secretary stated that the next stage in the evolution of the US dollar will involve its integration into blockchain technology.
“Digitalization will not only strengthen the dollar’s position but also lay the foundation for its role as the global reserve currency in the digital economy,” the Secretary said.
A follower of Bessent, known as SightBringer, speculated that through the GENIUS Act and other crypto initiatives, US authorities are quietly preparing for a complete overhaul of monetary policy:
“When the US Treasury Secretary says the dollar could move to the blockchain, they actually mean a total digitalization of monetary regulation. This won’t just be a payment system—it’s about transforming currency into code, law into logic, and trust into programmable compliance. This is simply a digital dollar, CBDC under a different name, with all the same reflexive consequences.”
Earlier, the US House of Representatives passed a bill prohibiting the Federal Reserve (Fed) from developing and launching a central bank digital currency (CBDC).
See also: "Trump Signs the GENIUS Act"
