U.S. Digital Asset Council Director: GENIUS Act Aims to Safeguard the Future of American Finance

BlockBeats News, May 16, Bo Hines, Executive Director of the President's Digital Asset Advisor Council, posted on social media, stating, "The core of the 'GENIUS Act' is to safeguard the future of American finance.

Stablecoins help to strengthen the dollar's dominance, drive our outdated payment systems towards modernization, and provide a faster, lower-cost, more transparent way of fund transfer for the American people.

Digital asset technology represents the next generation of the financial system. The United States is ready to lead this transformation."