David Sacks Backs Trump’s GENIUS Act Push to Make US Undisputed Crypto Leader
2025-07-16 11:03:38
Main Idea
President Trump is pushing for the GENIUS Act to position the U.S. as a leader in cryptocurrency, with bipartisan support and backing from advisor David Sacks.
Key Points
1. President Trump has secured agreement from 11 of the 12 congressmen needed to advance the GENIUS Act.
2. Trump declared 'Happy Crypto Week' and emphasized the Act will position America ahead of China and Europe in cryptocurrency leadership.
3. David Sacks, Trump's top advisor on crypto and AI, praised Trump's efforts, calling him the 'dealmaker-in-chief'.
4. Trump's stance on cryptocurrency has shifted from criticism in 2019 to advocating for pro-crypto policies like the GENIUS Act during his 2024 campaign.
Description
President Trump meets with 11 of 12 congressmen needed for GENIUS Act passage. Trump declares “Happy Crypto Week,” positioning America as the digital asset leader. David Sacks praises Trump’s dealmaking skills and cryptocurrency leadership. President Donald Trump has secured agreement from 11 of the 12 congressmen required to advance the GENIUS Act, announcing the commitment following an Oval Office meeting on July 15. The legislation aims to establish America as the “undisputed, number one lead...
Latest News
- Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes2025-07-16 18:00:05
- Bitcoin Pushes Past $119K in a New Attempt to Break Key Resistance2025-07-16 17:41:06
- Is XRP Going to Break $3 or Will a Pullback Dominate?2025-07-16 17:22:55
- Citigroup Confirms It Is Actively Evaluating a Citi-Issued Stablecoin2025-07-16 16:58:20
- WazirX Gets a Second Chance as Court Allows a Revote on Its Restructuring Plan2025-07-16 16:22:26