White House Crypto Czar: Trump Will Continue to Support the <i>CLARITY Act</i> to Fulfill His Campaign Promise to the Crypto Space

By: theblockbeats.news|2025/07/19 09:42:11

0

Share

BlockBeats News, July 19th. The White House Crypto and AI Czar, "Crypto Tsar" David Sacks, posted today announcing that President Trump has once again achieved a historic milestone - he officially signed the "GENIUS Act," establishing a legal framework for stablecoins. This act will drive the development of the U.S. crypto industry in the following ways:

· Establish clear regulatory rules, moving away from the past four years of "regulation through litigation"

· Innovate traditional payment systems based on blockchain technology

· Cement the dominance of the U.S. dollar 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 a U.S. bank account, creating a demand for trillions of dollars in U.S. Treasury bonds. This is another testament to President Trump's promises. Additionally, the House has passed the "CLARITY Act" (Market Structure Act), which President Trump has expressed support for upon its passage in the Senate. President Trump had vowed to make the U.S. the world's crypto hub, and now this promise is being fulfilled.

You may also like

Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle

Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle

The CLARITY Act has cleared a major Senate hurdle, but the hardest battle is still ahead. With the July 4 deadline approaching, can the White House finally pass its biggest crypto regulation bill? Find the clues in our exclusive analysis below.

How to exit after asset tokenization?

How to exit after asset tokenization?

Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival

France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival

France vs Senegal World Cup 2026 preview: Can Mbappe lead France past Senegal after the shocking 2002 World Cup defeat? Full team news, predicted lineups, key battles, and WEEX's exclusive match prediction.

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

What is the connection between Huang Zheng of Pinduoduo and blockchain?

What is the connection between Huang Zheng of Pinduoduo and blockchain?

From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...

Overview of Important Market Events on June 15

If the AI bubble has already burst, who will truly remain?

If the AI bubble has already burst, who will truly remain?

What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.

Paul Graham: How to Make a Billion Dollars

Paul Graham: How to Make a Billion Dollars

Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.

After 18 years, blockchain has finally started to head towards the main channel

After 18 years, blockchain has finally started to head towards the main channel

When AI becomes the new center of gravity in the capital market, the response of crypto VCs is not to stick to "Crypto-only," but to repackage crypto as the financial track, ownership layer, and autonomous system infrastructure of the AI era.

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?

Claude enforces "facial recognition for household registration," starting in July, no ID card means no access?

Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms

On the day of SpaceX's IPO, the first real test of the three perpetual mechanisms

The price has been discovered, and the market surrounding the price is still under construction.

Value Distribution of Stablecoins

Value Distribution of Stablecoins

The issuance layer obtains user funds and takes the largest profit margin; the two middle layers rely on traffic, distribution commissions, and underlying infrastructure; the application layer enjoys convenience but has no bargaining power.

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?

Galaxy Deep Dive: Is the Bitcoin Four-Year Cycle Still Valid?

Galaxy Research believes that the four-year cycle of Bitcoin is still valid, but the amplitude of the cycle is shrinking. This round's peak is milder, which means that even if the pullback continues, the bottom may be higher than the extreme levels of past cycles.

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026

SpaceX IPO, Nvidia, and Bitcoin: Why Traders Are Watching More Than Just Crypto in 2026

Bitcoin recently plunged below $60,000 before rebounding, while SpaceX's historic IPO and Nvidia's continued AI momentum captured traders' attention worldwide. Explore why more crypto traders are looking beyond crypto in 2026 and what this shift means for emerging market opportunities.

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.

Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle

The CLARITY Act has cleared a major Senate hurdle, but the hardest battle is still ahead. With the July 4 deadline approaching, can the White House finally pass its biggest crypto regulation bill? Find the clues in our exclusive analysis below.

How to exit after asset tokenization?

Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival

France vs Senegal World Cup 2026 preview: Can Mbappe lead France past Senegal after the shocking 2002 World Cup defeat? Full team news, predicted lineups, key battles, and WEEX's exclusive match prediction.

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

Popular coins

Latest Crypto News

15:43

Data: The current whale position on the Hyperliquid platform is 4.781 billion USD, with a long-short position ratio of 0.99

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.781 billion, with long positions totaling $2.376 billion, accounting for 49.7% of the holdings, and short positions totaling $2.405 billion, accounting for 50.3%. The profit and loss for long positions i...

15:43

Michael Saylor proposed a five-layer architecture for digital assets, stating that Bitcoin will evolve into the foundation of the global financial system

This morning, Strategy founder Michael Saylor proposed the concept of "Modern Digital Asset Stack," believing that Bitcoin is not only digital capital but will also become the underlying foundation for financial products such as digital credit, digital money, digital yield, and digital equity, drivi...

15:43

Data: An address that has been dormant for over 11 years transferred out 100.5 BTC, worth approximately 6.59 million USD

According to Galaxy Research (@glxyresearch), a Bitcoin address that has not moved since October 15, 2014, and has been dormant for 11.7 years, made a transfer at 6:07 AM Beijing time (UTC) in block 953816, transferring a total of 100.5 BTC, worth approximately 6.59 million USD.

15:43

BlackRock stated that $9 trillion in cash is accelerating the return to risk assets, and multiple events this week may amplify market volatility

Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, stated that after the U.S. and Iran reached a peace arrangement, approximately $8 trillion to $9 trillion in funds sitting in money market funds are accelerating their return to risk assets, and he mentioned that this process...

15:43

Shinichi Uchida, the Bank of Japan has decided to raise interest rates today

According to Jinshi reports, Bank of Japan Deputy Governor Shinichi Uchida stated that based on the assessment of the main economic scenario and considerations of risks, the decision was made to raise interest rates today.