Crypto Isn’t a Threat to the Dollar – It’s the Key to Its Power, Says U.S. Treasury Chief

"Crypto: Not the Enemy — But the Dollar’s Secret Weapon?"

In a bold and surprising statement, the U.S. Treasury Secretary declared that cryptocurrencies are not a threat to the U.S. dollar.

In fact, stablecoins may strengthen the dollar’s global standing by improving demand for U.S. Treasury bonds and reducing national debt costs.

This statement comes alongside real policy momentum — namely the GENIUS Act, a bill that has already passed the Senate and now awaits approval from the House of Representatives and a signature from President Trump.

🧠 What is the GENIUS Act about?
Provides regulatory clarity for crypto businesses

Encourages stablecoin adoption

Attracts investment into U.S. debt markets

Reduces borrowing costs

Positions the U.S. as a digital economic leader

The Treasury Secretary also took aim at previous administrations, accusing them of overregulation and stifling innovation through enforcement-first tactics.
This new approach is about creating a balanced path that welcomes blockchain without losing control.

📌 TL;DR for crypto people:
Crypto’s not the villain anymore. It’s part of the plan.
Stablecoins are becoming tools of statecraft.
GENIUS Act might just flip the script for how the U.S. deals with Web3. 🇺🇸💸