U.S. Treasury Secretary Advisor Joe Lavorgna made important statements about the future of Cryptocurrency!

The U.S. House of Representatives took a historic step in the cryptocurrency field. The “Clarity Act,” “GENIUS Act,” and “Anti-CBDC Surveillance State Act” were passed by Congress yesterday and presented to President Donald Trump for signing.

According to Treasury Secretary Advisor Joe Lavorgna, these laws will further strengthen America’s leadership in global innovation.

In an interview with Cheryl Cassone on Fox Business, Lavorgna stated that the new regulations represent a turning point not only for crypto assets but also for the American economy as a whole. Lavorgna said, “These laws are not only clarifying digital assets but also reinforcing the status of the US dollar as a reserve currency. Thanks to stablecoins, demand for US Treasury bonds will increase.”

The most controversial among the three laws was the “Anti-CBDC Surveillance State Act,” aimed at eliminating surveillance concerns regarding state-backed digital currencies (CBDC). Lavorgna stated that this law is critical for protecting individual financial freedoms. Avoiding comments on the proposals for the merger of the SEC and CFTC, Lavorgna indicated that the priority is to establish a holistic, integrated, and investment-friendly regulatory framework.

Lavorgna stated that during the second term of the Trump administration, policies aimed at promoting entrepreneurship, focusing on tax reductions, and reducing bureaucratic obstacles were continued, just as in the first term. “We want an economic model based on access to capital and productivity, not ghost regulations. This new legislative package will make the U.S. the center of the world in terms of attracting capital and developing technology,” he said.

The program also addressed the tension between the FED and the White House. Lavorgna, who argues that there are strong data-driven reasons behind Trump’s calls for interest rate cuts aimed at FED Chairman Jerome Powell, stated, “The data shows that monetary policy is tighter than it should be. The yield on Treasury bonds remains below the policy rate. Markets are expecting a cut.”

Lavorgna cited the U.S. Treasury’s $27 billion budget surplus in June and the S&P 500 index reaching record levels as examples, stating, “All these developments indicate that the economic policies of the Trump administration are working. Cryptocurrency regulations are also a link in this chain of success.”