.David Sacks on the GENIUS Act: "I think this is a huge milestone. This has been years since the Senate has passed bipartisan legislation like this... I think this will increase confidence in the Stablecoin industry... and it's going to provide additional consumer protection."

The GENIUS Act is a critical step to rein in the crypto Wild West that Biden’s regulators allowed to fester. By mandating 1:1 reserves and banning algorithmic scams like TerraUSD, it forces accountability while preserving innovation. Sacks is right—this bipartisan framework reverses years of D.C. negligence that let fraudsters like FTX loot billions. Trump’s leadership ensures America dominates digital finance, not China or the EU. The Act’s focus on transparency and anti-money laundering aligns with America-First priorities: protect taxpayers, crush fraud, and secure financial sovereignty. Now watch as real innovation thrives under clear rules, not bureaucratic chaos.

@davidsacks47 Digital currency is the dumbest thing ever.

@davidsacks47 CBDC

@davidsacks47 NO; What this is about is cementing the wealth accumulated via these scams by policy. This is nuts. Another rip-off

@davidsacks47 Ok

@davidsacks47 Huge win for crypto stability and regulation. Long overdue.

@davidsacks47

@davidsacks47 Finally, some good news! 🙌💡

@davidsacks47 A huge win for cryptocurrency stability and regulation.

@davidsacks47 Finally, real progress on stablecoins—this builds real trust!