The Trump administration, through its moves to codify stablecoins into law, is doing a “really good job of making it the golden age” for technology, Les Borsai, the co-founder of Wave Digital Assets, told Newsmax Tuesday. 

President Donald Trump has recently signed the GENIUS Act, bringing new regulations and updated tax rules for stablecoins, and Borsai said on Newsmax’s “National Report,” the legislation will define how the Commodity Futures Trading Commission and the Securities and Exchange Commission will handle the assets.

“It’s been a very thoughtful, strategic plan,” he said. “You may remember in January, when we had that executive order that they would bring a working group together, you know, of the Treasury, Commerce, CFTC, all of the president’s kind of groups to generate this report. [It] is a product of the stablecoin Genius Act, clarity.”

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