According to ChainCatcher, Bo Hines, the Executive Director of the U.S. President's Digital Asset Advisory Committee, stated that the (GENIUS Act) aims to safeguard the future of American finance. Stablecoins help reinforce the dominance of the dollar, modernize outdated payment systems, and provide the American public with a faster, lower-cost, and more transparent means of transferring funds. Digital asset technology represents the next generation of the financial system, and the U.S. is ready to lead this transformation.