Siii! Trump's Crypto Play Could Make US Treasuries the GOAT!

The Beautiful Game of Stablecoins

Hello my fans! Cristiano here reporting live from... well let's just say a place where the sun always shines and the competition is fierce. I've been keeping an eye on this whole crypto situation and let me tell you it's more dramatic than a Champions League final! This GENIUS Act thing? It's like a perfectly timed free kick potentially game changing. David Sacks Trump's crypto guru says it's gonna pass with 'significant bipartisan support.' Sounds promising no? He's saying it'll unlock demand for US Treasuries...trillions of dollars they say! That's like scoring a hat trick in every game!

Show Me the Money (and the Treasuries!)

Imagine this: over $200 billion already sloshing around in stablecoins. Unregulated! It's like having all that talent on the pitch but no coach. Sacks thinks if they get the rules right – 'legal clarity,' he calls it – they could create trillions in demand for our Treasuries practically overnight. Overnight! That's faster than I can do a step over. This GENIUS Act cleared some hurdles in the Senate. Fifteen Democrats on board? That's a solid team effort. They've got the votes to avoid a filibuster. They say this is going to pass!

Conflict of Interest? Never Heard of Her!

Now some people are raising eyebrows. They are worried about Trump's own crypto ventures like his meme coin (a meme coin really?) and his family's stablecoin business. Conflict of interest? Maybe. But hey everyone wants a piece of the pie right? It's like saying I can't score goals because I own a hotel. Nonsense! 'Your love makes me stronger your hate makes me unstoppable,' that’s what I say! The haters gonna hate.

Stablecoins: The New Payment Champions

This Sacks guy is talking big. He says stablecoins offer a 'new more efficient cheaper smoother payment system' for the US economy. New payment rails! It's like upgrading from a donkey cart to a Bugatti. And it extends the dominance of the dollar online. I'm all about dominance on the field and off! Speaking of dominance Bitcoin hitting record highs? Nearing $110,000? That's fantastic! Just further proof that crypto is a force to be reckoned with. They say the transactions from stablecoins is more than Mastercard and Visa combined!! Siii!

The Trump Crypto Empire Strikes Back

So Sacks sold off his crypto before taking the White House gig. Smart move. But Trump and his family? Full steam ahead on building a crypto empire! They're backing World Liberty Financial which launched its own stablecoin – USD1 – backed by Treasuries and dollar deposits. Abu Dhabi's MGX investment fund just pledged $2 billion in USD1 to Binance. That's their biggest crypto investment ever. Someone pass me a glass of water please!

Beware the Poison Pill!

Not everything is perfect though. There is a Senator Hawley adding a controversial rider to the bill. Something about capping credit card late fees? Sounds like a 'poison pill' that could stall the whole thing. It’s like getting a red card right before the final whistle. We will see if the bill will pass or not but one thing is for sure I’ll be watching.