US Treasury Secretary Bessent: The GENIUS Act is a watershed moment for American finance, and the OCC's final rule provides a clear foundation for innovation and competition.

BlockBeats news, October 21: U.S. Treasury Secretary Bessent stated in a post that the GENIUS Act is a watershed moment in American finance, further solidifying the United States' position as the global crypto hub. He noted that just as President Lincoln's National Currency Act of 1863 established a national framework for banks to issue currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age.

Bessent stated that the Office of the Comptroller of the Currency (OCC)'s final rule advances the implementation of this landmark legislation, providing a clear and pragmatic foundation for private-sector innovation, competition, and American leadership in digital assets.