The GENIUS Act aims to strengthen the dominance of the dollar through stablecoins
AI Summary
According to Odaily, Bo Hines, Executive Director of Trump's Digital Assets Advisory Council, shared on platform X that the GENIUS Act focuses on the role of stablecoins in reinforcing the dominance of the dollar. He believes that this initiative modernizes the payment infrastructure, enhancing the efficiency and transparency of transactions. Hines emphasized that digital asset technology will be the foundation of next-generation finance, and the United States is poised to become a global leader in this sector.