GENIUS Act Aims to Transform U.S. Digital Asset Landscape

According to Odaily, Bo Hines, Director of the U.S. Digital Assets Committee, expressed on the X platform his support for the passage of the GENIUS Act. This landmark legislation is designed to modernize the country's payment systems to align with the digital era, establish the United States as a leader in digital asset innovation, and maintain the U.S. dollar's status as the world's reserve currency. Additionally, the act seeks to provide regulatory clarity for stablecoins and offer Americans faster, cheaper, and more reliable transactions.