The GENIUS method "creates trillions of dollars in demand for U.S. Treasury bonds" says the Saxo cryptocurrency special envoy.

## Is it possible to create demand of several trillion Dollars?

David Sachs, President Trump’s special commissioner for cryptocurrencies and AI, said on the 21st that he expects the stablecoin regulation bill under consideration in the U.S. Senate to pass with “significant bipartisan support.” In an interview with CNBC, he argued that “creating a legal framework for more than $200 billion in unregulated stablecoins could create trillions of dollars in demand for U.S. Treasuries virtually overnight.” In the background, new auctions of U.S. Treasuries were sluggish and long-term bond yields were soaring.

The regulatory bill, dubbed the “GENIUS bill,” passed by a large margin of 66 votes in favor and 32 against in a procedural vote on the 20th, securing the necessary number of votes to avoid filibuster. Fifteen Democrats, including Mr. Fetterman and Mr. Schiff, voted in favor of the bill, marking a reversal from the May 8 rejection of the bill.

Mr. Sax described the bill as both a breakthrough in cryptocurrency policy and a national economic strategy, stating that it would “provide a more efficient and cost-effective payment system and expand the dominance of the Dollar online.” With the passage of the bill, the issuance of stablecoins fully backed by the Dollar or U.S. Treasury securities will be authorized under federal supervision.

Although there are concerns from the Democratic Party regarding potential conflicts of interest related to President Trump’s cryptocurrency business, Senators Kirsten Gillibrand and others have expressed a positive outlook for the passage of the bill by May 26. Industry experts believe that this bill could serve as a catalyst for maintaining the U.S. currency’s dominance amid the ongoing de-dollarization and for promoting the entry of institutional investors.