<ul><li>Treasury Secretary expressed disappointment in Senate for stalling Stablecoin Bill, emphasizing the need for American leadership in digital asset space.</li><li>The GENIUS Act aimed to position the U.S. as a global leader in financial innovation by providing a clear regulatory framework for stablecoins.</li><li>Without the GENIUS Act, there is a risk of stablecoin development moving overseas, leaving the U.S. vulnerable to innovation flight.</li><li>Bessent highlighted that the Senate's inaction may result in the U.S. losing its competitive edge in the global crypto and stablecoin market, urging for decisive leadership.</li></ul>

Treasury Secretary Slams Senate for Stalling Stablecoin Bill: “America Must Lead”

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