Trump Adviser David Sacks Says Stablecoin Bill Set to Pass Senate – Could Unlock Trillions for U.S. Treasuries
2025-07-04 04:05:51
Description
David Sacks, senior crypto adviser to President Donald Trump, announced on May 21 that bipartisan momentum is propelling the GENIUS Actlandmark stablecoin legislation through the U.S. Senate. The bill, which aims to bring regulatory clarity to a $200 billion stablecoin market, has cleared an important procedural hurdle with the support of 15 Democrats , making its passage highly likely. Sacks framed the bill as a long-overdue regulatory fix and a geopolitical and financial inflection point. He a...
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