Shocking Prediction! Stablecoin Legislation May Unleash Trillions of Dollars, Trump Family Crypto Storm Ignites Washington!

Recently, senior U.S. crypto policy official David Sachs boldly predicted that key stablecoin legislation could bring trillions of dollars in new demand to the U.S. Treasury.

The proposed legislation, known as the 'GENIUS Act,' aims to establish federal regulatory standards for stablecoins, ensuring that issuers hold equivalent and secure reserve assets, such as cash or government bonds, to guarantee the stability of the coin's value. The bill has just passed an important vote in the Senate, showcasing a rare bipartisan consensus.

Sachs referred to this as a 'national economic strategy' that will enhance the dollar's dominance in digital payments and internet settlements. Stablecoins can provide faster and cheaper payment methods, helping the dollar maintain its global leading position.

However, the bill has sparked controversy. The Trump family has close ties to stablecoin projects, particularly the USD1 stablecoin supported by Trump’s youngest son, which is backed by government bonds and dollar deposits. Recently, an Abu Dhabi fund invested heavily in this project, raising concerns about ethical and conflict of interest issues.

Several Democratic lawmakers, including Elizabeth Warren, have called for stronger provisions in the legislation to prevent collusion between politics and business, to avoid top officials exploiting the law for personal gain. Nevertheless, Sachs firmly believes the bill will eventually pass, but he avoids discussing the financial details of the Trump family.

Meanwhile, Bitcoin prices have strongly broken through $110,000, and stablecoin trading volumes have also hit record levels, with last year's transaction volume reaching $28 trillion, surpassing the combined total of traditional payment giants Visa and MasterCard.

Sachs pointed out that stablecoins are not only crypto assets but are also key tools in solidifying the dollar's position in the online economy. In the future, the U.S. is expected to strengthen its digital financial ecosystem through this legal framework, unleashing massive funding potential.