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Stablecoin Legislation Could Flood US Treasury With Trillions—VC David Sacks Makes Bold Claim
Stablecoin Legislation Could Flood US Treasury With Trillions—VC David Sacks Makes Bold Claim
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Move over, quantitative easing—Washington’s stablecoin bill might just become the Treasury’s new cash printer. Venture capitalist David Sacks predicts the legislation could funnel trillions into federal coffers, though skeptics whisper this sounds suspiciously like another Wall Street backdoor bailout.
Proponents argue regulated stablecoins will bring crypto into compliance while boosting dollar dominance. Critics counter that the real winners will be the usual suspects—banks and hedge funds—who’ll inevitably turn this into another leveraged casino. Either way, the government gets paid.
Funny how emergency monetary policies never seem to end—they just get repackaged with blockchain buzzwords and sold as innovation.
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