The new US strategy with cryptocurrencies is controversial and could negatively impact the USD.
Although the cryptocurrency community welcomes laws supporting blockchain, many experts are skeptical that these policies could weaken the USD and encourage a decentralized multi-level model in Bitcoin.
MAIN CONTENT
The US cryptocurrency law has caused mixed reactions and led to a slight correction in the cryptocurrency market.
Stablecoins are supported but lack the strength to protect the value of the USD according to expert Peter Schiff.
The policy promoting Bitcoin investment in retirement funds could increase the risk of economic weakening and trigger a financial bubble.
How does the new US cryptocurrency law affect the market?
The US Congress passing laws like the GENIUS Act, CLARITY Act, and anti-CBDC law did not create a bullish effect in the cryptocurrency market but resulted in a slight decline. Bitcoin dropped by 2%, and top altcoins like Ethereum, Ripple, Binance Coin, and Solana also adjusted.
Financial expert Peter Schiff remarked that this is a sign that the laws are used to inflate the market to facilitate short-term profit-taking by insiders, overlooking long-term sustainability.
This cryptocurrency law is merely an effort to cloak Bitcoin – which is a decentralized multi-level model – in a legal guise. The industry uses them to inflate prices and facilitate insiders to lock in higher profits. This is truly the bottom of the law.
Peter Schiff, Gold and Cryptocurrency Expert, 07/18/2025
Is stablecoin the savior of the USD?
The GENIUS Act focuses on stablecoins linked to the USD, receiving support from many leading CEOs in the cryptocurrency industry like Brian Armstrong (Coinbase). They believe this will help reinforce the global standing of the dollar.
However, Peter Schiff strongly rebuts, stating that stablecoins are only as strong as the USD itself and cannot provide long-term stability as the USD continues to weaken due to current monetary policies. He still asserts that gold is the true store of value.
Is the policy promoting Bitcoin investment in retirement funds concerning?
Along with the laws, former President Donald Trump supported an executive order allowing cryptocurrency investment in 401(k) retirement funds. This move is seen as bold but poses many risks to the USD and the US economy.
Peter Schiff predicts that this action could accelerate the depreciation of the USD, while Bitcoin may face a bubble burst as panic spreads. According to him, gold will become a truly safe asset in the current currency weakening scenario.
What will the future developments of cryptocurrency policy look like?
Warnings from expert Peter Schiff indicate that the US's supportive cryptocurrency policy could evolve complexly. While many investors and industry leaders hope this will pave the way for a digital financial future, critics are concerned that financial risks and the weakening of the USD could harm the broader economy.
The debate over the cryptocurrency law continues as this is a crucial turning point affecting national standing and investor confidence globally.
Frequently Asked Questions
Is the new cryptocurrency law beneficial or harmful to the US economy?
The laws could promote growth in the cryptocurrency industry but also pose risks of creating bubbles and weakening the USD, according to financial expert Peter Schiff.
Can stablecoin help reinforce the value of the USD?
Stablecoins are only as strong as the USD, so they lack the capacity to protect value when the USD weakens, according to independent financial experts.
Why is investing in Bitcoin in retirement funds risky?
This move could increase volatility for retirement funds and accelerate the collapse of the Bitcoin bubble if the USD continues to depreciate.
Should gold be seen as an alternative investment channel?
Gold is viewed by many experts like Peter Schiff as a traditional store of value, suitable in the context of instability in cryptocurrencies and the USD.
What will the cryptocurrency market look like after the new laws?
The market may continue to fluctuate due to policy impacts, alongside the positive development of the industry supported by cryptocurrency laws.
Source: https://tintucbitcoin.com/bitcoin-peter-schiff-chi-trich-du-luat-trump/
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