Crypto czar David Sacks, new stablecoin bill fail to ignite BTC

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David Sacks claimed stablecoin could ensure USD dominance, increase its use as the world's reserve currency, and create new demand for U.S.Treasury bills.

The post Crypto czar David Sacks, new stablecoin bill fail to ignite BTC appeared first on CoinGeek.

Marshalls Service expressing her “serious concerns about both the historical handling of [BTC] sales and the current plans for liquidation of these holdings.” Lummis asked several questions, including how many BTC the government still controlled and what it planned to do with them.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaBrazilChinaMexicoNorwaySingaporeUnited States

Topics: USDT Howard Lutnick Gary Gensler Bill Hagerty GT Thompson Circle Finance Hester Peirce Crypto Crime Cartel Paul Hayeck GENIUS Act Donald Trump David Sacks Sovereign Wealth Fund Stablecoins Commodity Futures Trading Commission Brian Armstrong Patrick McHenry Cynthia Lummis Securities and Exchange Commission Mark Uyeda Coinbase USDC Tim Scott Caroline Pham John Boozman French Hill Regulation BTC Crypto Task Force Scott Bessent Tether Charles Marvine

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 12:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 2611 words

Reading Time: 15 minutes read

Sentences: 92 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 25908539

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