US EditionTrump's Crypto Czar David Sacks Foresees Stablecoin Bill Generating Trillions For US Treasury 'Practically Overnight' - Mastercard (NYSE:MA)
- David Sacks, President Trump's leading advisor on cryptocurrency and AI, spoke in Washington, D.C., supporting the passage of stablecoin legislation expected in 2025.
- The momentum behind the GENIUS Act, a bill to regulate stablecoins, follows growing demand for oversight as unregulated stablecoins now total over $200 billion in value.
- The GENIUS Act has passed a key Senate procedural vote with bipartisan support, including 15 Democrats, clearing the way to avoid a filibuster despite a contentious amendment from Senator Hawley.
- Sacks emphasized that establishing clear legal guidelines and regulatory structures for stablecoins could rapidly generate demand worth trillions of dollars for U.S. Treasury securities.
- Passage of the stablecoin bill could transform U.S. Payments and financial leadership while also raising concerns about conflicts of interest linked to Trump's crypto ventures.
22 Articles
22 Articles
Trump's Crypto Czar David Sacks Foresees Stablecoin Bill Generating Trillions For US Treasury 'Practically Overnight' - Mastercard (NYSE:MA)
David Sacks, the top crypto and AI advisor to President Donald Trump, has projected that the impending stablecoin legislation could unlock trillions for the U.S. Treasury. What Happened: Sacks expressed optimism about the bipartisan support for the stablecoin legislation currently being deliberated in the Senate. He suggested that establishing a legal framework for the already $200 billion worth of unregulated stablecoins could lead to a signifi…
Trump's Crypto Advisor: Stablecoin Bill 'Going To Pass'
David Sacks, President Donald Trump’s crypto advisor, says a historic piece of stablecoin legislation is “going to pass,” expressing hope that the measure may release trillions of dollars for the U.S. Treasury and transform the nation’s standing in the world digital finance scene. Dubbed Trump’s “Crypto Czar”, Sacks, thinks the GENIUS ACT will be a significant step forward for crypto control, especially as it seeks to provide transparency and sa…
White House crypto czar David Sacks says stablecoin bill will unlock ‘trillions’ for U.S. Treasury – DG Verifications & Stats
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | Reuters President Donald Trump’s top crypto and AI advisor David Sacks said Wednesday that the administration expects the stablecoin legislation moving through the Senate to pass with “significant bipartisan support,” and claimed it could unlock demand for U.S. Treasuries…
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