According to online reports, U.S. Treasury Secretary Scott Bessent posted on social platform X that the U.S. Senate's failure to advance the GENIUS Act was "a missed intergenerational opportunity to expand the dominance of the US dollar and the influence of financial innovation." He warned that in the absence of a unified federal regulatory framework, stablecoins will develop amid fragmentation of state regulations, which will not help the United States maintain its global leadership and could push digital asset innovation overseas.