Bloomberg: Trump Reiterates Support for Cryptocurrency and Stablecoin Legislation

BlockBeats News, March 21st, according to Bloomberg, Donald Trump reiterated his government's previous support for cryptocurrency after reassuming the position of President of the United States. He once again expressed support for stablecoin legislation, stating that this would help expand the dominance of the US dollar.

“I also call on Congress to pass landmark legislation that establishes simple, common-sense rules for stablecoins and market structure,” Trump said in a roughly two-minute video address at the Blockworks cryptocurrency conference held in New York on Thursday.