David Sacks: GENIUS Act Could Spark Trillions in Treasury Demand

Crypto advisor and former Trump administration figure, David Sacks, has voiced his strong support for the GENIUS Act stablecoin bill. This bill, introduced earlier this year, seeks to provide regulatory clarity for stablecoins in the US. Recently, Sacks argued that if enacted, the bill would pave the way for a surge in U.S. Treasury demand, potentially bolstering the dollar’s value and easing existing debt pressure.