Senator Bill Hagerty predicts stablecoin issuers will become largest holders of U.S. treasuries

U.S. Senator Bill Hagerty, in a CNBC interview, predicted that stablecoin issuers will become the largest holders of U.S. treasuries worldwide. Hagerty also mentioned that the GENIUS Act, a U.S. stablecoin regulatory bill, could pass through the Senate as early as next week, according to Watcher.Guru on X.