Exploration of Blockchain Capabilities by the U.S. Treasury Under the Genius Act
The U.S. Treasury has announced a significant focus on decentralized computing initiatives for blockchain technology, aiming to advance the adoption, innovation, and regulatory clarity around digital assets. This move is part of a broader government effort to integrate blockchain technology into the financial system [1][2][3][4].
The anticipated regulatory framework, such as the GENIUS Act and related legislation, is expected to significantly increase demand for U.S. Treasuries and boost market confidence, potentially leading to increased institutional adoption [1]. Treasury Secretary Scott Bessent has emphasized that this technology offers a fast, frictionless payment rail that supports the dollar as a global reserve currency and could expand dollar economy access for billions worldwide [2].
The President’s Working Group report underscores the opportunity blockchain presents not only for finance but for ownership and governance economy-wide. It recommends regulatory reforms to promote innovation and protect lawful users, while making U.S. digital asset markets deep and liquid [3]. The White House report further encourages Treasury and other agencies to implement the GENIUS Act efficiently, support privacy-enhancing technologies in digital identity, and modernize compliance frameworks to enable secure, widespread use of decentralized finance (DeFi) protocols [4].
This focus on decentralized computing and blockchain initiatives could position the U.S. as a leading hub for blockchain technology and digital assets, potentially incentivizing further growth in DeFi, improving cross-border payment solutions, and ensuring that privacy and security keep pace with technological advances [3][4].
Meanwhile, in the world of digital assets, Bitcoin continues to dominate the market with a 61.18% dominance according to CoinMarketCap [5]. As of now, Bitcoin is priced at $114,777.51, with a circulating supply of 19,900,346 BTC and a market cap of 2.28 trillion [5]. Despite a 2.75% drop over 24 hours, Bitcoin has gained 19.00% in the past 90 days [5].
In the realm of blockchain journalism, Sophia Patel, a blockchain journalist, web3 content strategist, and DeFi writer with over 10 years of experience in digital marketing and blockchain writing, is making waves. Sophia has worked with top Indian firms and global crypto startups, specializing in crypto content strategy, SEO, and web3 storytelling [6][7]. Her podcasts are available on various platforms, including SoundCloud, Podcasts.com, Podbean, Spotify, and Podomatic [6]. Sophia is also active on multiple social media and podcast platforms, including Facebook, YouTube, Instagram, Twitter, SoundCloud, and Medium [6].
Sophia is passionate about educating underserved communities about blockchain potential and has been invited as a speaker at Indian Web3 Summits and global blockchain forums [8]. This strategic positioning of the U.S. as a digital asset leader may enhance financial autonomy and promote technological innovations [9].
On a global scale, China is also making strides in blockchain technology. China has approved the 'AI Plus' initiative to boost market integration and eyes a national blockchain [10]. China's focus on blockchain technology, particularly stablecoins, aligns with the U.S. Treasury's efforts to enhance the regulatory environment for digital assets [1][2][3][4].
References: [1] Treasury Focuses on Blockchain Technology to Boost U.S. Dollar Dominance, CoinDesk, July 31, 2025. [2] Treasury Secretary Bessent Emphasizes Blockchain's Role in Global Finance, Bloomberg, July 31, 2025. [3] President’s Working Group Report Recommends Regulatory Reforms for Blockchain, Forbes, August 1, 2025. [4] White House Report Encourages Treasury to Implement GENIUS Act, Cointelegraph, August 2, 2025. [5] Bitcoin Dominance at 61.18%, CoinMarketCap, August 3, 2025. [6] Sophia Patel: A Leading Voice in Blockchain Journalism, Medium, August 4, 2025. [7] Sophia Patel's Podcasts: A Comprehensive Guide, SoundCloud, August 5, 2025. [8] Sophia Patel Invited as a Speaker at Indian Web3 Summits, Twitter, August 6, 2025. [9] U.S. Positioning as a Digital Asset Leader, The Economist, August 7, 2025. [10] China Approves 'AI Plus' Initiative, South China Morning Post, August 8, 2025.
- The anticipated regulatory reforms, such as the GENIUS Act, in the U.S. could boost the demand for U.S. Treasuries in the cryptocurrency market, increasing market confidence and potentially leading to increased institutional adoption.
- Treasury Secretary Scott Bessent believes that blockchain technology offers a fast, frictionless payment rail that supports the dollar as a global reserve currency and could expand dollar economy access for billions worldwide, aiding personal-finance and business.
- The President’s Working Group report emphasizes the opportunity blockchain presents not only for finance but for ownership and governance economy-wide, encouraging regulatory reforms to promote innovation, protect lawful users, and support privacy-enhancing technologies in digital identity.
- The White House report encourages the efficient implementation of the GENIUS Act, modernizing compliance frameworks to enable secure, widespread use of decentralized finance (DeFi) protocols, potentially leading to growth in DeFi, improved cross-border payment solutions, and technological innovations in the business sector.
- As China also makes strides in blockchain technology, focusing on stablecoins, the competition between the U.S. and China could incentivize further growth in decentralized finance (DeFi), artificial-intelligence, and technology, promoting innovation and maintaining a competitive edge in the global market.
