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GENIUS Act Could Catalyze Trillions in Treasury Demand, Says Crypto Czar David Sacks
GENIUS Act Could Catalyze Trillions in Treasury Demand, Says Crypto Czar David Sacks
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David Sacks, a prominent figure in the crypto space, has underscored the transformative potential of the GENIUS Act for U.S. Treasuries. The Guiding and Establishing National Innovation for US Stablecoins Act, which recently cleared the Senate with bipartisan support, could unlock unprecedented demand for government debt by providing regulatory clarity for stablecoins.
Sacks noted the existing $200 billion stablecoin market operates without clear oversight. Formalizing a framework, he argued, WOULD attract "trillions of dollars of demand for our Treasuries practically overnight." The legislation’s advancement signals growing institutional recognition of crypto’s role in modern finance.
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