U.S. Treasury Secretary Scott Bessent has proposed the adoption of blockchain technology in payments, while pledging to promote a modern regulatory framework that will solidify the country's leadership in the crypto world.
From his official account on X, Bessent has expressed that the United States is experiencing a Golden Age of Cryptocurrencies, where decentralized computing and blockchain technology offer unprecedented new opportunities that can be leveraged to optimize digital paymentsIn the post, he invited companies in this sector to establish operations on U.S. soil, take advantage of local talent, and become part of the ecosystem the government is committed to strengthening.
Furthermore, he highlighted the importance of implementing a modern regulatory framework that not only facilitates blockchain adoption but also provides a secure and transparent environment for the growth of the crypto ecosystem. The idea is that this new approach will not only modernize digital payments but also strengthen the dollar's position as the world's dominant currency, adapting to the new financial dynamics brought about by decentralization.
Explore the financial future with Bit2Me and blockchainBlockchain payments and stablecoins at the heart of the US plan
Under the leadership of Scott Bessent, the U.S. Department of the Treasury is taking decisive steps to integrate blockchain technology into the nation's financial system. The idea is not just to follow the trend, but to transform the way digital payments are made, seeking to make them faster, safer and cheaper.
According to Bessent, this initiative is part of a much broader plan that has been strongly promoted by the Trump administration, whose return to power has been accompanied by a clear push toward innovation in cryptocurrencies and their incorporation into key sectors of the economy.
Bessent, in particular, highlights the fundamental role that dollar-backed stablecoins will play. These stable digital currencies have the potential to transform the dollar into a fast and affordable digital means of payment, which will not only facilitate everyday transactions but could also boost global demand for Treasury bonds. This will also strengthen the dollar's position as the world's reserve currency, maintaining its hegemony in the global economy.
In a recent interview, Bessent reaffirmed all this, stressing that The government is going “big” with cryptocurrencies and digital assetsHe indicated that this is not a passing experiment, but rather an ambitious, long-term strategy to consolidate the United States at the forefront of financial technology.
Join the crypto ecosystem that drives the US.A clear regulatory framework to promote innovation
Regulatory clarity has become a key element in driving unbridled innovation in the crypto market. Therefore, Bessent is placing special emphasis on the need for build a modern and transparent legal environment that allows cryptocurrencies to develop safely, without stifling creativity or growth.
A fundamental pillar within this new framework is the so-called GENIUS Act, a regulation that focuses on stablecoins, cryptocurrencies designed to maintain a stable value. This law stipulates that stablecoins must be fully backed by real reserves, undergo regular audits, and have federal oversight before launch. This not only provides peace of mind to investors but also paves the way for these digital currencies to effectively integrate into the traditional financial system.
At the same time, the CLARITY Act of the Digital Asset Market, which clears up uncertainty about which regulatory body—the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC)—will be responsible for overseeing different aspects of cryptocurrencies. This provides legal certainty, a vital element for market participants to operate with confidence.
Furthermore, during the Trump administration, strategies have been implemented to replace officials who had previously imposed strict restrictions on crypto businesses. According to Bessent, this has led to the dismissal of major lawsuits and legal cases that threatened exchange platforms and protocols, thus creating a more favorable environment for innovation and entrepreneurship in the digital sector.
Together, these measures reflect a shift toward a regulatory ecosystem that seeks to balance protection with the promotion of technological advancement, paving the way for a digital future with greater legitimacy and opportunity.
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