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However, Trump's claim is not supported by facts. While some merchants accept Bitcoin, it's still a niche payment mode compared to cash, credit cards, etc. There is no consensus that Bitcoin meaningfully reduces pressure off the U.S. dollar.
Sen. Richard Blumenthal (D-Conn.) on Tuesday accused President Donald Trump of exploiting cryptocurrency regulatory gaps, arguing the Clarity Act in the current form does not do enough to prevent
Opinion
Clarity Act: Trump Admin “Fully Committed” to Pass Crypto Bill in September, Patrick Witt Says
Patrick Witt, Executive Director at President’s Council of Advisors for Digital Assets, confirmed that the Trump admin is fully committed to passing the Clarity Act in September.