Trump’s Crypto Vision for US Financial System Upgrade Gains Momentum

President Donald Trump's push to modernize the US financial system using cryptocurrency technology is emerging as a potential centerpiece of a second-term agenda. The GENIUS Act, already enacted but awaiting operational rules, promises to replace outdated payment infrastructure with blockchain-based solutions.

Trump's July endorsement of crypto marked a striking evolution in his stance. "You have certainly as an industry gone up more than anybody," he acknowledged, framing digital assets as both an economic accelerant and dollar-preservation tool. The proposed overhaul targets slow settlement times and high transaction costs plaguing legacy systems.

The political calculus appears deliberate - as the dollar dipped 12% during Trump's initial months in office, his crypto pivot coincided with a 3% recovery. His rhetoric now positions stablecoins as dollar allies rather than threats, claiming they'll boost Treasury demand and cement dollar dominance.