Trump Reiterates Support for Crypto, Stablecoin Legislation

Donald Trump rehashed the crypto-supportive actions taken by his administration since he returned to the US presidency and reiterated support for stablecoin legislation, saying it will help expand the dollar’s dominance.

“I’ve also called on Congress to pass landmark legislation creating simple, common sense rules for stablecoins and market structure,” Trump said during a roughly two-minute video presentation at the Blockworks crypto conference in New York on Thursday.

Last week, the Senate Banking Committee advanced landmark stablecoin legislation in a major victory for the ascendant cryptocurrency industry. The bipartisan bill would govern privately issued, dollar-based stablecoins, which the industry claims ...