According to Deep Tide TechFlow news, on July 19, the White House's cryptocurrency and AI director, 'Crypto Tsar' David Sacks, announced that President Trump has once again achieved a historic milestone—today he officially signed the (GENIUS Act), establishing a legal framework for stablecoins. This act will promote the development of the U.S. crypto industry in the following ways:
Establishing clear regulatory rules, changing the previous four years' practice of 'regulating through litigation'
Innovating traditional payment systems based on blockchain technology
Consolidating the dollar's dominance through globally available digital dollars
According to the provisions of the bill, each digital dollar in the crypto wallet will correspond to an equivalent dollar reserve in a U.S. bank account, creating trillions of dollars in demand for U.S. Treasury bonds. This is another example of President Trump delivering on his promises. In addition, the House has passed the (CLARITY Act) (Market Structure Act), and President Trump has stated he will support its passage in the Senate. President Trump has promised to make the U.S. the world's crypto center, and this promise is now being realized.
