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White House Crypto Advisor: Stablecoins Could Unlock Trillions for the U.S. Treasury
David Sacks, the White House’s lead advisor on cryptocurrency and artificial intelligence, has laid out a bold vision: if a new stablecoin bill is passed, the U.S. Treasury could quickly gain access to trillions of dollars through soaring demand for government bonds.
🏛️ The GENIUS Act: A Blueprint for Digital Finance
The centerpiece of the discussion is the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), designed to create federal standards for the issuance and management of stablecoins. Under the bill, every issued token must be backed 1:1 by secure and liquid assets — typically cash or U.S. Treasury bonds.
In an interview, Sacks stated:
“With legal clarity and a regulatory framework, we could instantly unlock trillions of dollars in demand for U.S. debt. Stablecoins represent a faster, cheaper, and real-time payment system.”
✅ Strong Bipartisan Support — But Ethical Concerns Arise
The bill recently cleared a critical Senate vote with a 66-32 margin, overcoming the filibuster threshold. Fifteen Democrats joined Republicans, showing rare bipartisan consensus.
But the legislation has also sparked intense controversy, particularly around Donald Trump’s family ties to the crypto industry.
🧑💼 Trump Jr.'s Stablecoin and Conflict of Interest Fears
The stablecoin USD1, which meets GENIUS Act requirements, was launched by World Liberty Financial, a firm linked to Donald Trump Jr. It is backed by U.S. Treasuries and dollar reserves.
In May, Abu Dhabi-based MGX fund made the largest single investment in USD1 through Binance, the world’s largest crypto exchange.
This development has alarmed many Democrats, who warn that the bill could channel public money into the financial interests of the president and his family.
Senator Elizabeth Warren and others are calling for stronger ethics provisions to ensure public officials cannot personally benefit from the law.
Sacks expressed confidence in the bill’s passage, but refused to comment on Trump’s financial involvement in crypto.
📈 Stablecoins Soar as Bitcoin Breaks Records
Stablecoins are digital currencies pegged to real-world assets, usually the U.S. dollar. Unlike volatile cryptocurrencies like Bitcoin, they are designed to remain stable and practical for everyday use.
According to Deutsche Bank, stablecoins processed $28 trillion in transactions last year — more than Visa and Mastercard combined.
Tether remains the market leader, controlling over 60% of the sector, and is managed in the U.S. by Cantor Fitzgerald.
Meanwhile, Bitcoin recently surged past $110,000, reaching a new all-time high.
🧠 Preserving Dollar Dominance in a Digital World
Sacks believes that regulated stablecoins are the key to maintaining U.S. dollar supremacy in a rapidly digitizing global economy:
“Stablecoins are not just a tech innovation — they are a strategic tool to ensure the dollar remains dominant in the online era.”
#TRUMP , #TrumpCrypto , #Regulation , #USD1 , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🏛️ The GENIUS Act: A Blueprint for Digital Finance
The centerpiece of the discussion is the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), designed to create federal standards for the issuance and management of stablecoins. Under the bill, every issued token must be backed 1:1 by secure and liquid assets — typically cash or U.S. Treasury bonds.
In an interview, Sacks stated:
“With legal clarity and a regulatory framework, we could instantly unlock trillions of dollars in demand for U.S. debt. Stablecoins represent a faster, cheaper, and real-time payment system.”
✅ Strong Bipartisan Support — But Ethical Concerns Arise
The bill recently cleared a critical Senate vote with a 66-32 margin, overcoming the filibuster threshold. Fifteen Democrats joined Republicans, showing rare bipartisan consensus.
But the legislation has also sparked intense controversy, particularly around Donald Trump’s family ties to the crypto industry.
🧑💼 Trump Jr.'s Stablecoin and Conflict of Interest Fears
The stablecoin USD1, which meets GENIUS Act requirements, was launched by World Liberty Financial, a firm linked to Donald Trump Jr. It is backed by U.S. Treasuries and dollar reserves.
In May, Abu Dhabi-based MGX fund made the largest single investment in USD1 through Binance, the world’s largest crypto exchange.
This development has alarmed many Democrats, who warn that the bill could channel public money into the financial interests of the president and his family.
Senator Elizabeth Warren and others are calling for stronger ethics provisions to ensure public officials cannot personally benefit from the law.
Sacks expressed confidence in the bill’s passage, but refused to comment on Trump’s financial involvement in crypto.
📈 Stablecoins Soar as Bitcoin Breaks Records
Stablecoins are digital currencies pegged to real-world assets, usually the U.S. dollar. Unlike volatile cryptocurrencies like Bitcoin, they are designed to remain stable and practical for everyday use.
According to Deutsche Bank, stablecoins processed $28 trillion in transactions last year — more than Visa and Mastercard combined.
Tether remains the market leader, controlling over 60% of the sector, and is managed in the U.S. by Cantor Fitzgerald.
Meanwhile, Bitcoin recently surged past $110,000, reaching a new all-time high.
🧠 Preserving Dollar Dominance in a Digital World
Sacks believes that regulated stablecoins are the key to maintaining U.S. dollar supremacy in a rapidly digitizing global economy:
“Stablecoins are not just a tech innovation — they are a strategic tool to ensure the dollar remains dominant in the online era.”
#TRUMP , #TrumpCrypto , #Regulation , #USD1 , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.