On July 31, 2025, US Treasury Secretary Scott Bessent announced the government's exploration into decentralized computing to enhance blockchain technology.
Treasury Announcement
US Treasury Secretary Scott Bessent made a statement at the White House emphasizing government interest in decentralized computing to expand the application of blockchain. This signifies a significant policy shift towards embracing digital assets.
Market Response to Regulatory Clarity
Bitcoin is currently priced at $114,777.51 with a circulating supply of 19,900,346 BTC. Over the last 24 hours, the price has seen a 2.75% decline, while it has gained 19.00% in the past 90 days. The market cap stands at $2.28 trillion, maintaining Bitcoin's dominance at 61.18%.
Prospects and Future of Digital Assets
Insights from the Coincu research team suggest an increase in institutional adoption due to the GENIUS Act and regulatory developments. "America is a frontier nation... we build the future on the frontier of digital finance," noted Scott Bessent.
Thus, the announced initiatives by the Treasury may strategically position the US as a digital asset leader and promote the growth of blockchain technologies.
