Stablecoin Regulation Expected To Boost U.S. Economy, Says Advisor

David Sacks, White House advisor on crypto and AI, highlights the potential economic benefits of the recently passed Senate bill regulating stablecoins. The GENIUS Act, which provides a regulatory framework for these assets, is expected to unlock trillions of dollars in demand for U.S. Treasury securities. Sacks believes this will strengthen the U.S. dollar’s position in the digital age by modernizing the country’s payment system.