https://www.live-feeds.com/feed/treasury-secretary-bessent-takes-major-step-to-cement-u-s-dollar-s-global-dominanceContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/treasury-secretary-bessent-takes-major-step-to-cement-u-s-dollar-s-global-dominancehttps://www.live-feeds.com/feed/treasury-secretary-bessent-takes-major-step-to-cement-u-s-dollar-s-global-dominance#u45270Wed, 19 Aug 2026 18:46:50 +0000The US Treasury Department is seeking public comment on proposed rules for stablecoins under the GENIUS Act, aiming to cement the US dollar's global dominance. The rules would require foreign stablecoin issuers to meet US standards. The development is a major step towards regulating stablecoins in the US. The GENIUS Act is set to launch in January 2027.Why it mattersThe proposed rules are part of a broader effort to regulate stablecoins and maintain the US dollar's position as a global reserve currency. The GENIUS Act aims to provide clarity and consistency in the regulation of stabl