Summary
- US Treasury Secretary Scott Bessent stated that stablecoin-related legislation could be completed by mid-July.
- He explained that this bill will create new demand for US Treasury bonds.
- Investors are advised to pay attention to changes in stablecoin regulations and demand for US Treasury bonds.
US Treasury Secretary Scott Bessent has indicated that legislation related to stablecoins could be completed by mid-July.
On the 30th (local time), according to Walter Bloomberg, Secretary Bessent said, "There is a possibility that stablecoin-related legislation will be completed in mid-July," adding, "This bill will create new demand for US Treasury bonds."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
