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Trump's Crypto Czar David Sacks Foresees Stablecoin Bill Generating Trillions For US Treasury 'Practically Overnight' - Mastercard (NYSE:MA)
- On March 7, 2025, President Donald Trump and his top crypto advisor David Sacks attended the White House Crypto Summit in Washington, D.C.
- The summit followed the Senate’s advancement of the GENIUS Act, a bipartisan stablecoin regulation bill clearing a key procedural vote with 66 senators supporting it.
- Sacks highlighted that over $200 billion in stablecoins currently lack regulation and described the bill as a national economic strategy that could strengthen the U.S. Dollar online.
- He indicated that establishing a regulatory framework for stablecoins might rapidly generate an enormous surge in demand for U.S. Treasury securities, highlighting bipartisan backing that includes 15 Democrats, while also recognizing that an amendment to limit credit card fees could delay the bill’s final approval.
- If passed, the GENIUS Act could significantly expand stablecoin oversight, drive massive Treasury demand, and reinforce American leadership in digital payments despite concerns over conflicts arising from Trump’s crypto ventures.
28 Articles
28 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…
David Sacks: Stablecoin Bill to Pass Senate with Bipartisan Backing
David Sacks, an adviser to U.S. President Donald Trump on cryptocurrencies and artificial intelligence, said the administration expects to pass a stablecoin bill in the Senate with bipartisan support. "We have every expectation now that it’s going to pass," Sacks told CNBC on May 21 after a key procedural vote in which 15 Democrats joined Republicans in passing the necessary threshold to advance the bill. Trillions of dollars for treasury bonds …
Bitcoinist
TheSpuzzStablecoin Bill ‘Going To Pass’, Says Trump’s Crypto Czar
The White House’s AI and Crypto Czar, David Sacks, has said that the Trump administration is optimistic about the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act moving through the Senate after it regained momentum and bipartisan support. Stablecoin Regulation To Unlock Trillions Of Dollars On Wednesday, Trump’s Crypto Czar told CNBC that they were positive about the GENIUS Act advancing, affirming that they have “ev…
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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