Stablecoin Bill Could Unlock Trillions in Treasury Demand, Says White House Advisor
David Sacks, the White House’s top crypto and AI advisor, predicts the stablecoin bill advancing in the Senate will catalyze unprecedented demand for U.S. Treasuries. "We’re looking at trillions, not billions," Sacks declared during a CNBC interview, framing the legislation as a fiscal game-changer.
The GENIUS Act, now clearing procedural hurdles with bipartisan support, aims to transform the $200 billion unregulated stablecoin market into a Treasury acquisition pipeline. Fifteen Democratic senators have already endorsed the framework, suggesting smooth passage ahead.