Washingtonâs Crypto Pivot Isnât About Silicon Valley. Itâs About Treasuries
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最新报道：The Trump administration's crypto-friendly policies are driven by the urgent need to address the U.S. debt problem, as foreign buyers of Treasuries retreat. Stablecoins, which must hold cash or short-term Treasuries under the GENIUS Act, have become a key source of demand—converting over 90% of deposits into government debt. Tether and Circle now rank among the top global Treasury holders. While this strategy boosts debt sales, it risks market distortion and faces pushback from banks.
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