Stablecoins can secure US dollar dominance: Trump Caesar encryption

David Sachs, Trump’s encryption, said Stablecoins can enhance the dominance of the US dollar just hours after the Senator migrated by the Genius Act.

White House Amnesty International and Crypto Czar David Sacks Hover A press conference alongside other Republican Party officials a plan President Donald Trump’s vision of the American digital assets scene.

Sacks stated that Stablecoins, dollars in Fiat-PEGID on Blockchains, can help enhance the dominance of the US global dollar. Political discussions on this issue indicate that new regulations may require participants in the market to retain almost exclusive reserves in US Treasury bills.

Developments on February 4 indicate that Congress may give priority to the Stablecoin list under the Trump administration. In fact, Senator Bell Hajari foot The genius works to clarify the rules and set criteria for an embarrassing sector of encryption transactions.

Responding to a question about Bitcoin Trump (BTC) Reserve promises, SACKS said that the exploration of “BTC Strategic Reserve” was a top priority for the encryption board. The United States is currently the largest sovereign BTC holder, where approximately 207,000 BTC – are probably obtained through criminal seizures.

A suggestion from Senator Cinema Lomes Enlargement This inventory and change of laws to allow the Treasury Ministry to hold BTC.

However, the bags refused to comment on whether the American Sovereignty Fund will accumulate encrypted currencies. “You have to ask the Minister of Commerce soon Howard Lottennik about it.”

For the first time in Stablecoin in the Senate, the main committees are a broader eye policy

The press conference was also attended by the Chairman of the Senate Banking Committee, Tim Scott, Chairman of the Financial Services Committee in the House of Representatives, France Hill, Chairman of the Senate Agriculture Committee, John Bouzman, and Chairman of the Agriculture Committee in the House of Representatives.

Actor Hill confirmed that both Congressing rooms are planning to accelerate and coordinate the development of the encryption policy through joint working groups. During the conference, the four pro -profit lawmakers announced that, for the first time, their committees established dedicated sub -committees that focus on digital assets.