President Donald Trump reaffirmed his help for the cryptocurrency business, declaring that “digital assets are the future, and our nation is going to own it
President Donald Trump reaffirmed his support for the cryptocurrency industry, declaring that “digital assets are the future, and our nation is going to own it.” In separate remarks posted late Wednesday, Trump added that the USA will “show the world how to win with digital assets like never before,” underscoring the administration’s intention to place the nation on the forefront of blockchain-based finance.
Treasury Secretary Scott Bessent struck a equally upbeat tone, calling Bitcoin and different cryptocurrencies “the most significant phenomenon in the world right now.” Bessent mentioned current projections put the potential dimension of the stablecoin market at about $3.7 trillion by the tip of the last decade, highlighting the dimensions of alternative officers imagine digital cash might unlock.
The feedback arrive as Congress advances the GENIUS Act, the primary federal framework for regulating stablecoins. The bipartisan measure, which cleared the Senate earlier this week with White Home backing, goals to combine dollar-pegged tokens into the broader monetary system and, in accordance with supporters, might strengthen the greenback’s dominance by making it a friction-free digital export.
That is an AI-generated article powered by DeepNewz, curated by The Defiant. For extra info, together with article sources, go to DeepNewz.
