David Sacks, Trump's crypto advisor, spoke on strengthening the dollar through stablecoins during a press conference with key GOP officials.
White House Press Conference
David Sacks held a press conference with other administration officials to discuss the U.S. digital asset policy. He stated that stablecoins, dollars pegged on blockchains, could help reinforce the U.S. dollar's global dominance.
Stablecoin Regulation
Congress may prioritize stablecoin regulation under the Trump administration. Senator Bill Hagerty introduced the GENIUS Act to clarify rules and establish standards in this critical crypto sector.
Future Steps in U.S. Crypto Policy
The conference also featured heads of key congressional committees. Representative John Hill confirmed both chambers plan to accelerate crypto policy development through joint working groups. For the first time, these committees formed dedicated subcommittees focused on digital assets.
Sacks' remarks highlight the importance of stablecoins in reinforcing the dollar's position. Congress will continue to develop measures to regulate the U.S. digital economy.
