Benet: The implementation of the <i>GENIUS Act</i> is crucial to ensuring the United States' leadership in the digital asset space.

BlockBeats News, August 19, the U.S. Treasury Department today released a Notice of Proposed Rulemaking in accordance with the requirements of the GENIUS Act.

In response, U.S. Treasury Secretary Benson stated that implementing the GENIUS Act is crucial to ensuring America's leadership in the digital asset space. Stablecoins will expand the U.S. dollar's usage channels to billions of people worldwide and lead to a significant increase in demand for U.S. bonds supporting stablecoins. "For all participants, this is a win-win-win situation: stablecoin users, stablecoin issuers, and the U.S. Treasury Department."