Director of the US Digital Assets Commission: GENIUS Act aims to safeguard the future of US finance

According to BlockBeats, on May 16th, Bo Hines, Executive Director of the US Presidential Advisory Council on Digital Assets, posted on social media that "the core of the GENIUS Act is to safeguard the future of American finance. Stablecoins help consolidate the dominant position of the US dollar, modernize our outdated payment system, and provide the American people with faster, lower cost, and more transparent ways of transferring funds. Digital asset technology represents the next generation of financial systems. The United States is ready to lead this change