financeconservative
Dollar's Digital Makeover: Is Trump's Plan on Track?
USATuesday, November 11, 2025
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The GENIUS Act and Crypto Industry Support
Trump's Plan in Motion
- GENIUS Act: Aimed at modernizing outdated financial infrastructure.
- Crypto Support: Trump praises crypto's rapid growth and potential to revolutionize finance.
Strengthening the Dollar
- Stablecoins: Believed to bolster the dollar's global standing.
- Dollar Value: Concerns over fluctuations; Bitcoin's inverse relationship with the dollar.
Treasury Department's Role
Regulating Stablecoins
- Framework: Establishing regulations for stablecoins and issuers.
- Federal Oversight: Allowing banks and payment firms to issue stablecoins.
CBDC Ban
- No CBDC: Trump bans exploration of a central bank digital currency.
- Implementation: Details still being worked out.
Evolving Payment Landscape
Traditional vs. Crypto Systems
- Legacy Systems: FedNow and RTP processing billions in transactions.
- Crypto Rails: Offer 24/7 uptime and programmability.
Card Network Integration
- Visa and Mastercard: Expanding support for stablecoin settlements.
- Consumer Experience: Enabling stablecoin movement without changing checkout.
Future Outlook
Gradual Adoption
- Final Rules: Expected by 2026.
- Factors: Bank access, capital treatments, pricing of payment corridors.
Multi-Rail Stack
- Stablecoins and Tokenized Deposits: Handling settlements in the background.
- Consumer Experience: Maintaining while pushing towards crypto rails.
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