Internet reports that David Sacks, senior adviser to U.S. President Donald Trump on cryptocurrencies and artificial intelligence, said the government expects the stablecoin bill to pass the Senate with bipartisan support. "We now have every reason to believe it will pass," after 15 Democrats joined forces with Republicans to pass the threshold of lengthy debate in a key procedural vote. The National Innovation Act to Guide and Establish a U.S. stablecoin (GENIUS Act) is by far the federal government's most advanced effort to establish a legal framework for digital assets pegged to the U.S. dollar. Sacks said the bill could trigger "trillions of dollars" in demand for U.S. Treasuries by unleashing the growth potential of stablecoins under clear rules. Despite controversy over the Trump family's cryptocurrency trading, the stablecoin bill has made progress. Critics worry that the government could benefit given the bill's association with World Liberty Financial, a cryptocurrency company backed by members of the Trump family that recently launched the stablecoin USD1.