Trump consultant David Sacks: Genius law is about to be released in the Senate and could release trillions for US state bonds through stable coins

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GENIUS Act: Ein potenzieller Wendepunkt für die US-Wirtschaft und Stablecoins Die Diskussion um den GENIUS Act nimmt an Fahrt auf. David Sacks, ein Berater des ehemaligen US-Präsidenten Donald Trump, äußerte sich optimistisch darüber, dass der GENIUS Act in naher Zukunft den Senat passieren könnte. Dieses Gesetz könnte weitreichende Auswirkungen auf die US-Wirtschaft haben, insbesondere in …
Genius Act: A potential turning point for the US economy and stable coins The discussion about the Genius Act is picking up on speed. David Sacks, a advisor to former US President Donald Trump, said optimistically that the Genius Act could pass the Senate in the near future. This law could have far-reaching effects on the US economy, especially in ... (Symbolbild/KNAT)

Genius Act: A potential turning point for the US economy and stable coins

The discussion about the Genius Act picks up on speed. David Sacks, a advisor to former US President Donald Trump, said optimistically that the Genius Act could pass the Senate in the near future. This law could have far-reaching effects on the US economy, especially with regard to the market for stable coins.

stable coins are digital currencies that are designed to keep a stable value in relation to traditional currencies. Their increasing acceptance could make it possible to release immense sums in the form of US state bonds. Sacks predicts that the adoption of the Genius Act could lead to trillions of dollars mobilized that could flow into the market.

The potential financial effects of the Genius Act are considerable. If this draft law reaches the Senate and comes into force, new opportunities for investments and economic growth could open up. These developments could also strengthen the role of the United States in the global financial system by promoting innovations in the field of digital currencies.

In summary, it can be said that the adoption of the Genius Act could have far-reaching effects for the US economy and technology around stable coins. The coming weeks and months will be crucial to observe whether this draft law actually happens to the Senate and what consequences this could have for the US financial markets.