President Donald Trump, known for his pro-Bitcoin rhetoric at the 2024 Bitcoin Conference, has shifted focus towards stablecoins with the signing of the GENIUS Act on July 18, 2025. This legislation legitimizes stablecoins and aims to reinforce dollar dominance, contrasting with his earlier Bitcoin advocacy.
The GENIUS Act, alongside the extension of the Patriot Act, poses challenges to Bitcoin privacy, prompting major stablecoin issuers like Tether and Circle to adapt. Tether has introduced a new stablecoin, USAT, and is hiring former Trump officials to navigate the evolving regulatory environment.
Trump's Policies Favor Stablecoins Despite Pro-Bitcoin Stance
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