PANews reported on May 22 that according to CNBC, David Sacks, crypto adviser to US President Trump, said that if the GENIUS Act, a stablecoin regulatory bill, is passed, it will release "trillions of dollars" of demand for US Treasury bonds. The bill has broken the filibuster threshold in the Senate procedural vote. Sacks said that the bill will provide a legal framework for the $200 billion unregulated stablecoin market and strengthen the dominance of the US dollar. Despite the full support of the White House, Democrats still question whether the bill has a conflict of interest for the president and his family.