According to ChainCatcher, Bo Hines, the Executive Director of the U.S. Presidential Advisory Committee on Digital Assets, stated that the (GENIUS Act) aims to secure the future of American finance. Stablecoins help to reinforce the dominance of the U.S. dollar, modernize outdated payment systems, and provide the American public with faster, lower-cost, and more transparent ways to transfer funds. Digital asset technology represents the next generation of the financial system, and the United States is ready to lead this transformation.