David Sachs, the American advocate for cryptocurrencies, said in an interview with CNBC that the passage of the GENIUS Act for stablecoins could stimulate a demand worth trillions of dollars for U.S. Treasury bonds.
He believes that once the bill establishes a clear legal framework, the stablecoin market - currently valued at around $200 billion in unregulated countries - could grow rapidly to become a trillion-dollar industry.
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