Republicans Siding With Big Banks in Stablecoin Fight Could Tank Trump’s Affordability Agenda
Heading into what is forecasted to be a highly competitive midterm cycle, there is one word on the lips of Team Trump and congressional Republicans: Affordability. President Trump has already begun touting the work he’s done to lower costs for American families. After years of suffocating inflation, the economy continues to show strong signs of recovery from the sclerotic Biden years.
The progress made thus far is thanks in large part to the president’s clear vision and decisive action to enforce laws and cut red tape, allowing American business to thrive.
Trump’s innovation agenda has been a key pillar of the administration’s strategy to unleash prosperity for all Americans. The president has embraced cryptocurrency, fintechs, AI, payment innovations, and other tools that have helped millions of people budget, invest, and start and grow businesses. Reducing friction and increasing points of entry into our financial system makes the American Dream more accessible.
In the Oval Office last week, the president underscored his record on the issue, calling himself a “big crypto person” and emphasizing that if the administration hadn’t taken bold steps then China would be leading the sector. Treasury Secretary Scott Bessent agreed, “You made America the digital asset capital of the world.”
They’re absolutely right.........
