Crypto Czar Says GENIUS Act Is Trump’s Next Win After ‘One Big, Beautiful Bill’
2025-07-04 12:06:03
Main Idea
Crypto Czar David Sacks announced the GENIUS Act for stablecoins is advancing to the President's desk, marking a significant legislative victory for the Trump administration, with the CLARITY Act next in line for consideration.
Key Points
1. David Sacks praised Trump's 'One Big Beautiful Bill' and highlighted the GENIUS Act's progress as a key achievement.
2. The GENIUS Act, passed by the Senate on June 17, establishes the first federal regulatory framework for dollar-pegged stablecoins.
3. The CLARITY Act, introduced to the House on May 29, 2025, is awaiting full House consideration after advancing through committees.
4. These legislative efforts aim to cement U.S. leadership in the cryptocurrency industry and have significant implications for the broader market.
5. Sacks indicated more legislative victories are expected, with 'Crypto Week in the House' scheduled for July 14.
Description
Crypto Czar David Sacks praised Trump’s “One Big Beautiful Bill” for its “historic victories.” Sacks announced that the GENIUS Act for stablecoins is now “heading to the President’s desk.” He framed the upcoming crypto legislation as the next major win for the Trump administration White House AI and crypto czar David Sacks celebrated the passage of a major legislative package he called “One Big Beautiful Bill,” while signaling that key crypto bills are the next major victories on the Trump admin...
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