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David Sacks: Stablecoin Bill "About to Pass"

David Sacks: Stablecoin Bill "About to Pass"

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金色财经金色财经2025/05/22 09:32

David Sacks, senior advisor on cryptocurrency and artificial intelligence to U.S. President Donald Trump, stated that the government expects the stablecoin bill to pass in the Senate with bipartisan support. "We now have every reason to believe it will pass," he said, following a key procedural vote where 15 Democrats joined Republicans to clear the threshold for extended debate. The "Guiding and Establishing National Innovation in U.S. Stablecoins Act" (GENIUS Act) represents the federal government's most advanced effort to date to establish a legal framework for digital assets pegged to the dollar. Sacks noted that by unleashing the growth potential of stablecoins under clear rules, the bill could trigger demand for "trillions of dollars" in U.S. Treasury bonds. Despite controversies surrounding the Trump family's cryptocurrency dealings, the stablecoin bill has made progress. Critics are concerned that, given the bill's association with World Liberty Financial—a cryptocurrency company backed by Trump family members that recently launched the stablecoin USD1—the government might benefit from it.

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