U.S. Innovates Dollar Integration with Blockchain Through New Law

The U.S. Treasury has unveiled a landmark regulatory framework under the GENIUS Act, signed by President Donald Trump, to integrate the dollar with blockchain technology. The law establishes strict oversight for banks and authorized issuers launching dollar-backed stablecoins, ensuring secure and transparent management. Treasury Secretary Scott Bessent hailed the MOVE as a reinforcement of the dollar's global reserve currency status, crediting President Trump's leadership.

Blockchain-based dollar integration marks a pivotal shift in next-generation payments. The GENIUS Act grants exclusive issuance rights to licensed entities, setting a precedent for institutional adoption of digital assets. Bessent's statement underscores the strategic alignment of blockchain innovation with monetary policy.