EddieJayonCrypto
20 Jun 25
David Sacks, President Donald Trump’s advisor on crypto and AI, highlights that the passing of the GENIUS Act in the U.S. Senate could greatly increase demand for US treasuries by providing regulatory clarity for stablecoins. He predicts the stablecoin market could grow from $250 billion to trillion...
The passage of the GENIUS Act could significantly boost global demand for US treasuries by providing much-needed regulatory clarity and expanding the stablecoin market. This groundbreaking legislation is expected to drive innovation in the payments sector by encouraging traditional financial institutions to adopt blockchain-based, dollar-backed payment systems.
David Sacks, an advisor on cryptocurrency and artificial intelligence to President Donald Trump, emphasizes the transformative impact the GENIUS Act could have. In his view, the stablecoin market could expand dramatically from its current valuation of around $250 billion to several trillions, resulting in increased international demand for the US dollar and potentially sparking widespread dollarization in various economies.
By creating “regulatory clarity and stability” for stablecoins, the GENIUS Act aims to cultivate an environment where governments and private investors alike increase their holdings of US government debt. Sacks predicts this surge could lead to trillions of dollars in new demand for US treasuries, as citizens in different countries might prefer US digital dollars over their local fiat currencies.
Moreover, this legislation is poised to ignite innovation within the payments industry. The act is expected to empower traditional financial players to launch new stablecoin products and integrate stablecoins into everyday payments. The envisioned blockchain infrastructure promises a new kind of dollar-based payment system that is faster, more efficient, and smoother—essentially a payment system designed for the future.