White House Crypto Tsar David Sacks says that a catalyst can create a new demand for trillions of dollars for US treasures
President Donald Trump’s crypto and Artificial Intelligence Advisor (AI) David Sacks emphasizes a catalyst that can significantly increase the demand for US treasures.
Sacks in a new Bloomberg interview he says In the US Senate, the establishment and establishment of national innovation for the US Stablecoins Law (Genius Law) and the potentially signed to the law provides “regulatory clarity and stability için for the Stablecoin crypto sector.
According to sacks, the Genius law can trigger US government debt from various parts of the world.
“… [stablecoin] The buoy is expected to grow roughly $ 250 billion for trillions of dollars. And this will create more demand for the US dollar internationally. I think you can see that other economies will prefer to use US digital dollars, unlike the Fiat currency used by their citizens, and start to fill up from below. And this will potentially create a new demand for US treasures. “
According to the White House advisor, the genius law will encourage innovations in the payment industry.
“And I think that the invoice will provide the framework that will give confidence to enter many traditional financial players. And I think you will see new stablecoin products. And I think you will see that Stablecoins are used as payment. More will be used.
https://www.youtube.com/watch?v=stbmfd7zxz4
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