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U.S. Senator Hagerty: Dollar stablecoins will strengthen America's financial leadership.
[Coin World] On July 26 (UTC+8), U.S. Senator Bill Hagerty stated that the "GENIUS Act" will solidify the dominance of the dollar, protect consumers, enhance the demand for U.S. Treasury bonds, and ensure that innovation in the digital asset space remains in the hands of the U.S. rather than adversary nations. As the main sponsor of the bill, Hagerty emphasized that well-regulated dollar stablecoins are being positioned by U.S. policymakers as a core pillar of financial leadership in the new era, aimed at promoting America's global dominance in the digital finance sector.