Director of the US Digital Assets Commission: The GENIUS Act is designed to safeguard the future of American finance

Bo Hines, executive director of the US President's Council of Advisors on Digital Assets, said in a social media post that "the core of the GENIUS Act is to safeguard the future of American finance."
Stablecoins can help solidify the dominance of the U.S. dollar, modernize our outdated payment system, and provide Americans with faster, cheaper, and more transparent ways to move money around.
Digital asset technology represents the next generation of the financial system. The United States is ready to lead this change. "