CoinVoice has learned that the White House cryptocurrency and artificial intelligence chief, crypto czar David Sacks, stated, "President Trump continues to create historic victories. Today he signed the (GENIUS Act), which establishes a legal framework for stablecoins."
This law will reverse the regulatory approach of the past four years by establishing clear rules, thus unlocking the United States' dominance in the cryptocurrency industry. It will update the outdated payment system with a revolutionary new payment system based on blockchain. It will expand the dollar's global dominance through the creation of a digital dollar accessible to people worldwide.
Every digital dollar in the cryptocurrency 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 yet another example of President Trump fulfilling his promises.
In addition, the House also passed the CLARITY Act, a market structure bill that President Trump has pledged to support and submit to the Senate. President Trump has committed to making the U.S. the world capital of cryptocurrency, and he has delivered on that promise.
