🚀 Crypto Market Update: Stablecoin Bill Sparks Treasury Boom
The #GENIUSAct — a landmark stablecoin regulation bill — cleared a key Senate hurdle (66-22 vote 🔥), fueling predictions of a $trillion surge in U.S. Treasury demand! Trump advisor David Sacks claims the bill’s framework could unlock massive institutional appetite for Treasury bonds as stablecoins must back tokens with liquid reserves like cash or short-term U.S. debt .
📈 Why It Matters:
- Stablecoins (like USDC/USDT) may soon rival China and Japan as top Treasury holders by 2030 .
- Bipartisan support aims to boost dollar dominance and consumer safeguards, but critics warn of loopholes .
Disclaimer: This content is for informational purposes only. It is not financial advice. Cryptocurrency trading involves high risk; conduct your own research.
