bitcoinist.com (nprofile…x94c)
✍️ The White House's AI and Crypto Czar, David Sacks, is optimistic about the GENIUS Act moving through the Senate with bipartisan support.
👉 The GENIUS Act aims to regulate stablecoins and has regained momentum and bipartisan support.
👉 The bill passed a cloture motion with 66 favorable votes and will now advance to the amendment process.
👉 The White House's Crypto Czar, David Sacks, believes that stablecoins could create trillions of dollars of demand for US Treasuries.
👉 The bill has faced opposition from Senate Democrats, who have raised concerns about the lack of safeguards to prevent the presidential family from profiting from the stablecoin legislation.
#DavidSacks #BillHagerty #ElizabethWarren #RogerMarshall #ThomTillis #technology
quotingbitcoinist.com (nprofile…x94c)
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The White House’s AI and Crypto Czar, David Sacks, has said that the Trump administration is optimistic about the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act moving through the Senate after it regained momentum and bipartisan support. Related Reading: SEC Files New Crypto Lawsuit Against Unicoin Over Alleged $100M Fraud Stablecoin Regulation […]
https://bitcoinist.com/trumps-crypto-czar-optimistic-about-stablecoin-bill-says-genius-act-going-to-pass/