According to ChainCatcher, Bo Hines, executive director of the Presidential Digital Asset Advisory Committee, said that the (GENIUS Act) is intended to safeguard the financial future of the United States. Stablecoins will help consolidate the dominance of the dollar, modernize outdated payment systems, and provide Americans with a faster, lower-cost, and more transparent way to transfer funds. Digital asset technology represents the next generation of the financial system, and the United States is ready to lead this change.