President Donald Trump accidentally suggested he is not a “smart president” while speaking at the White House on Friday.
The president was addressing the crowd at a signing for the GENIUS Act in the East Room when he brought up the value of the dollar and how a smart president would never let it slide. The GENIUS Act, which stands for Guiding and Establishing National Innovation for U.S. Stablecoins, establishes the first regulatory framework for stablecoins, which are digital currencies tied to the value of an asset like the U.S. dollar.
The problem with his comment is that the value of the U.S. dollar did slide during the first part of the year while Trump has been in office.
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