{"id":24199,"date":"2025-05-22T14:38:20","date_gmt":"2025-05-22T11:38:20","guid":{"rendered":"https:\/\/forklog.com\/en\/david-sacks-predicts-surge-in-demand-for-us-treasuries-following-genius-act-adoption\/"},"modified":"2025-05-22T14:38:20","modified_gmt":"2025-05-22T11:38:20","slug":"david-sacks-predicts-surge-in-demand-for-us-treasuries-following-genius-act-adoption","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/david-sacks-predicts-surge-in-demand-for-us-treasuries-following-genius-act-adoption\/","title":{"rendered":"David Sacks Predicts Surge in Demand for US Treasuries Following GENIUS Act Adoption"},"content":{"rendered":"<p>The adoption of the GENIUS Act concerning stablecoins will boost demand for US Treasuries &#8220;by trillions of dollars,&#8221; according to David Sacks, special advisor to Donald Trump on AI and cryptocurrencies, in an interview with <a href=\"https:\/\/www.cnbc.com\/video\/2025\/05\/21\/white-house-ai-crypto-czar-david-sacks-talks-stablecoins-as-bitcoin-hits-an-all-time-high.html\">CNBC<\/a>. <\/p>\n<p>The bill will require issuers of &#8220;stable coins&#8221; to fully back the issuance of assets with government bonds or dollars, introduce <span data-descr=\"anti-money laundering\" class=\"old_tooltip\">AML<\/span> rules, and enforce enhanced oversight for foreign companies. Major players with a capitalization exceeding $50 billion, including Tether and Circle, will be required to undergo audits.  <\/p>\n<p>On May 19, the Senate <a href=\"https:\/\/forklog.com\/en\/news\/us-senate-advances-bipartisan-stablecoin-regulation-bill\">voted<\/a> to advance the GENIUS Act, despite criticism from some Democrats. Senator Elizabeth Warren <a href=\"https:\/\/forklog.com\/en\/news\/elizabeth-warren-opposes-stablecoins-from-major-corporations\">called<\/a> for a revision of the document to prevent corporations from &#8220;issuing their own money.&#8221;<\/p>\n<p>The &#8220;crypto czar&#8221; did not respond to these criticisms but emphasized that 15 Democrats supported the bill.   <\/p>\n<p>Concluding the interview, Sacks, who also oversees AI issues, stated that the US administration intends to provide the infrastructure for leadership in the &#8220;artificial intelligence race.&#8221; <\/p>\n<p>In May, experts from Fireblocks <a href=\"https:\/\/forklog.com\/en\/news\/fireblocks-institutional-embrace-of-stablecoins-grows\">stated<\/a> that 90% of institutions plan to integrate stablecoins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The adoption of the GENIUS Act concerning stablecoins will boost demand for US Treasuries &#8220;by trillions of dollars,&#8221; according to David Sacks, special advisor to Donald Trump on AI and cryptocurrencies, in an interview with CNBC. The bill will require issuers of &#8220;stable coins&#8221; to fully back the issuance of assets with government bonds or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1431,36,807,26],"class_list":["post-24199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bonds","tag-regulation","tag-stablecoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=24199"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/24199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/24198"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=24199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=24199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=24199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}