Trump Administration Likely to Pass Multiple Cryptocurrency Regulation Bills in July, Says Special Crypto Envoy Sachs

David Sachs, serving as the AI and Cryptocurrency Special Envoy under the Trump administration, suggested on the 26th that July could see significant breakthroughs in cryptocurrency regulation. According to Sachs, two major bills, the GENIUS Act and the CLARITY Act, are making progress and showing strong momentum under the new administration. The GENIUS Act is expected to be passed by the House soon and signed by President Trump, establishing nationwide regulation of stablecoins that are pegged to real-world assets such as the US dollar. This will facilitate the issuance of stablecoins by US companies, making it easier and safer, while promoting domestic innovation and protecting against foreign...