White House encryption chief: Trump will continue to support the passage of the CLARITY Act, fulfilling his campaign promises in the encryption field.

On July 19, David Sacks, the White House's cryptocurrency and artificial intelligence director and "Crypto Czar," announced that President Trump has achieved another historic milestone—today he officially signed the GENIUS Act, establishing a legal framework for stablecoins. The act will promote the development of the U.S. crypto industry in the following ways: · Establish clear regulatory rules, changing the approach of "regulating through litigation" used in the past four years · Innovate traditional payment systems based on Blockchain technology · Strengthen the dollar's dominance through a globally available digital dollar According to the act, each digital dollar in a crypto Wallet will correspond to an equivalent dollar reserve in U.S. bank accounts, creating trillions of dollars in demand for U.S. Treasuries. This is another testament to President Trump's fulfillment of his promises. Additionally, the House has passed the CLARITY Act (the market structure bill), and President Trump has stated he will support its passage in the Senate. President Trump has promised to make the U.S. the world's crypto center, and this promise is now being realized.