President Donald Trump’s adviser about crypto and artificial intelligence (AI), David Sacks, emphasizes a catalyst who could drastically increase the demand for American treasury.
In a new interview with Bloomberg, Sacks says that the death of the Guiding and Instruction National Innovation for US Stablecoins Act (Genius Act) in the US Senate and the possible signing of the piece of legislation in the law provides regulatory clarity and stability for the Stablecoin Crypto sector.
According to Sacks, genius law could cause a massive demand for US government debt from different parts of the world.
“… the [stablecoin] The smoother is expected to grow, it will call around $ 250 billion to trillion dollars. And that would cause more internationally to cause US dollars. I think you could see that other economies start to dollarize from below, because their citizens prefer to use our digital dollars as opposed to every Fiat currency they use. And that would create potential trillions of dollars from new demand for American treasury. “
The Genius Act will also stimulate innovation in the payment industry, according to the Witte Huis adviser.
“En ik denk dat de rekening het framework zal bieden dat veel traditionele financiële spelers vertrouwen zal geven om de ruimte in te gaan. En dus denk ik dat je nieuwe Stablecoin-producten gaat zien. En ik denk dat je ook StableCoins zult zien worden gebruikt als betalingen. Ik denk dat dit een van de echt opwindende dingen is, die is een van de rekening, die een van de rekening is, dat is een van de wetsvoorstel, dat is een meer opwindende dingen, die More is a payment system of the future.
https://www.youtube.com/watch?v=stBMFD7ZXZ4
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