President Trump's Crypto Czar David Sacks Predicts Bipartisan Passage of GENIUS Act, Trillions in Treasury Demand Amid Bitcoin Highs

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.

President Trump’s crypto czar David Sacks expressed his belief that the GENIUS Act, a stablecoin bill, will pass with substantial bipartisan support, setting the stage for a massive influx of funds into the U.S. Treasury.

In a recent interview, Sacks, who served as the U.S. Crypto and AI Czar under President Trump, stated that the bill is likely to be approved in the fall and generate demand for trillions of dollars in Treasury securities almost immediately.

"I think the bill will pass with flying colors and probably sooner rather than later. My sense is that we'll see it in the fall and it will pass with significant bipartisan support," said Sacks.

The bipartisan support for the bill is crucial as it navigates the Senate and House of Representatives. The bill's approval also coincides with the anticipation of new bipartisan legislation on cryptocurrency regulation, which is expected to be presented in the fall.

The GENIUS Act, which stands for Grant Economic Recovery, Innovation, and Stability through Unyielding Service and Superior Tokenization, aims to regulate stablecoins and create a framework for their use. The bill is designed to provide stability to the financial system and facilitate economic growth.

"The implications of the bill are huge. We're talking about trillions of dollars in demand for U.S. Treasury securities almost immediately and an economic boom of epic proportions," Sacks added.

The Defiant previously reported that the bill could generate $7 trillion in demand for U.S. Treasury bonds over two years, a finding supported by researchers at the Stanford Center for Economic Policy Research.

The bill's approval also comes amid Bitcoin reaching new all-time highs, further highlighting the growing interest in cryptocurrency and the need for regulation. As such, the bipartisan support for the stablecoin bill is a significant development.

"It's a testament to the increasing consensus on the importance of regulating cryptocurrencies in the U.S. interest," Sacks concluded.

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