White House Crypto Advisor Predicts Trillions in Treasury Demand from Stablecoin Bill

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-22 02:23:01

David Sacks, President Donald Trump’s top cryptocurrency and AI advisor, has projected that the GENIUS Act could unlock trillions of dollars in demand for US Treasuries. The proposed stablecoin legislation, which passed a key Senate vote this week, aims to establish federal standards for stablecoin issuance and governance.

"If we provide the legal clarity and legal framework for this, I think we could create trillions of dollars of demand for our Treasuries practically overnight," Sacks stated during a Wednesday interview. The bill cleared a critical 60-vote threshold with bipartisan support, signaling potential momentum for crypto regulation.

By:

Log in to Reply

Chainalysis Hexagate Revolutionizes DeFi Security with Machine Learning

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.