David Sacks says stablecoin bill could unlock trillions as U.S. Senate advances GENIUS Act

White House crypto czar David Sacks stated that the stablecoin bill could unlock trillions of dollars for the U.S. Treasury, according to a post on X by Unfolded. The U.S. Senate voted 69–31 to approve a motion to proceed with the GENIUS Act, a bill aimed at regulating stablecoins. The approval allows formal debate and the amendment process to begin.

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