US Crypto Tsar “If Stablecoin Bill Passes, It Will Trigger Trillions Of Dollars In US Treasury Demand”
Crypto Czar David Sacks (Source: American Banker)
David Sacks, the Trump administration's cryptocurrency and artificial intelligence policy chief, projected that the passage of the stablecoin regulation bill 'GENIUS Bill' could bring a large-scale demand in the United States Treasury market. According to Unfolded, Sacks emphasized that the bill would be a pivotal turning point leading to the institutionalization of the stablecoin industry.
Sacks stated, “If the GENIUS Bill passes, a demand for U.S. Treasuries worth trillions of dollars will be created,” adding that, “This could become a strong force supplying structural liquidity to the U.S. financial system.” The bill obliges stablecoin issuers to acquire federal licenses, hold 100% reserves, and regularly disclose financial information.
The GENIUS Bill is attracting attention in the market as a standard for stablecoin regulation in the United States, and is expected to provide clear guidelines to issuers wishing to join the institutional framework. As the possibility of requiring U.S. Treasuries as reserve assets increases, an analysis is also being suggested that it could actually connect to an expansion of treasury demand.
This statement indicates that the strategy to strengthen America's financial dominance through stablecoins is becoming formalized, and it is expected to hold significant meaning in the future digital dollar competition landscape.