In a statement that marks a major policy change, the United States Secretary of the Treasury Scott Bessent has confirmed that blockchain technologies will play a central role in the future of American payments, the US dollar officially moving “Onchain”.
Bessente rented President Trump’s “visionary leadership” and recognized the legislative work of senator Bill Hagerty to ensure the adoption of the Congress Engineering Act. According to the Treasury Head, this new law will help cement the role of the US dollar as a global reserve currency in the foreseeable future.
“The US dollar is coming to a level,” said Bessent on social networks, stressing that blockchain should feed the next generation of financial infrastructure.
The law on engineering, which aligns the federal policy on cryptographic innovation, seems to be a key element of the broader effort of the Trump administration to ensure American domination in the era of emerging digital currency.
While the details of the implementation of the ONCHAIN dollar remain under the Wraps, the announcement indicates an accelerated push of Washington to digitize the national currency, potentially through a stablecoin to support the United States or payment rails integrated into the blockchain. Bessent’s approval underlines how the blockchain went from the fringe at the base of the American monetary strategy.
