U.S. Treasury Secretary Scott Bessent criticized the Senate’s failure to advance the GENIUS Act as a missed opportunity to expand dollar dominance and boost U.S. influence in financial innovation

Event date

May 8, 2025

Quotes that support claims

This bill represents a once-in-a-generation opportunity to expand dollar dominance and U.S. influence in financial innovation

Secretary Bessent went on to describe the bill as representing a "once-in-a-generation opportunity" to expand dollar dominance and boost U.S. influence in financial innovation.

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Week 19 of 2025