David Sacks, the U.S. Crypto and AI Czar under President Trump, has expressed strong confidence that the GENIUS Act, a stablecoin bill, will pass with significant bipartisan support. Sacks highlighted the potential economic impact of the bill, suggesting it could create trillions of dollars in demand for U.S. Treasury securities almost immediately. The bill’s anticipated approval reflects growing bipartisan consensus on stablecoin regulation in the United States, coinciding with Bitcoin reaching all-time highs. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/regulation/president-trump-s-crypto-czar-david-sacks-predicts-bipartisan-passage-genius-act-564199fe