Director of the U.S. Digital Asset Council: The GENIUS Act aims to safeguard the future of American finance.

On May 16, Bo Hines, Executive Director of the U.S. Presidential Advisory Council on Digital Assets, posted on social media stating, "The core of the 'GENIUS Act' is to secure the future of American finance. Stablecoins help reinforce the dominance of the U.S. dollar, modernize our outdated payment systems, and provide the American public with a faster, lower-cost, and more transparent way to transfer funds. Digital asset technology represents the next generation of financial systems. The U.S. is ready to lead this transformation."

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