The White House praises the passage of the GENIUS Act: paving the way for the United States to lead the global digital currency revolution

BlockBeats News: On July 20th, the White House praised the passage of the GENIUS Act, stating that it is a historic legislation that will pave the way for the United States to lead the global digital currency revolution. President Trump said that the bill "creates a clear and concise regulatory framework to establish and release the huge potential of a stable currency supported by the US dollar. This may be the greatest revolution in the field of financial technology since the birth of the Internet." Bo Hines, Executive Director of the Presidential Advisory Council on Digital Assets, said, "We are ensuring the dominance of the US dollar, unleashing innovation, and giving the United States permanent control over the future of digital finance White House Cryptocurrency Tsar David Sacks said, "Today we have achieved another historic legislative achievement, which is an important step for President Trump to fulfill his promise to make America the world's cryptocurrency capital Treasury Secretary Scott Bessent said, "Blockchain technology will drive the next generation of payments, and the US dollar is about to go live. Thank you to President Trump for his visionary leadership. The GENIUS Act will help solidify the US dollar's position as the global reserve currency for future generations