Crypto, AI, and the GENIUS Act: Why Congress Is About to Swipe Right

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In a recent interview, Sacks basically did a victory lap, pointing out that 15 Democrats crossed the aisle to join Republicans in supporting the bill during the all-important cloture vote. Translation: filibuster? More like filibust-OUTTA here. 🏃‍♂️💨

“We have every expectation now that it’s going to pass,” Sacks declared, probably while resisting the urge to pop confetti.

So why is everyone suddenly besties over this bill? Sacks broke it down into three reasons that even your grandma could understand (if she’s into crypto):

  • Stablecoins are like Venmo on steroids—faster, cheaper, and less likely to accidentally send your rent money to your ex.
  • They help the U.S. dollar flex online, making sure America stays the cool kid at the global lunch table.
  • They could drum up billions (or trillions, if you’re feeling ambitious) in demand for U.S. Treasuries, which is basically like giving Uncle Sam a bottomless piggy bank.

“We already have over $200 billion in stablecoins—it’s just unregulated,” Sacks pointed out, probably while side-eyeing the nearest lawyer. “If we provide legal clarity, we could create trillions in Treasury demand practically overnight.” (No pressure, Congress.)

Sacks also went full 4D chess, tying the bill to America’s big-picture strategy—think AI diplomacy in the Middle East and digital infrastructure as the new oil pipeline. Apparently, stablecoins are now part of our plan to make sure the U.S. stays the tech world’s prom king. 👑🤖

If (when?) the GENIUS Act passes, it’ll be a historic win for crypto regulation—finally giving legal clarity, turbocharging digital dollar innovation, and making sure America keeps its VIP seat at the global finance table. Cue the slow clap. 👏

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2025-05-22 07:46