U.S. Treasury Secretary Scott Bessent has stated that the United States is "going big on digital assets," emphasizing that "passing the stablecoin bill is just the start." Bessent highlighted that stablecoins could create $2 trillion of demand for U.S. Treasuries and Treasury Bills in the short term. He noted the potential for a bank-issued stablecoin to contribute to this demand, but did not confirm reports that JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are planning to jointly issue a stablecoin authorized by the Federal Reserve. The Trump administration is backing the GENIUS Act to regulate stablecoins, with Bessent criticizing Biden-era crypto policy. Bessent reiterated the administration's intent for the U.S. to advance in digital finance. Smaller banks, such as Dart Bank, are starting to allow customers to use stablecoins for payments and merchant settlements as new regulations approach. Traditional banks are seen as having advantages in stablecoin issuance due to regulatory compliance and established payment networks.