White House Praises Passage of 'GENIUS Act': Paving the Way for US to Lead Global Digital Currency Revolution

In a recent announcement, the White House praised the passage of the 'GENIUS Act', calling it a historic legislation that will pave the way for the US to lead the global digital currency revolution. President Trump stated that the act establishes a clear regulatory framework to unlock the immense potential of USD-backed stablecoins. This may be the greatest revolution in the financial technology sector since the birth of the internet.

Bo Hines, Executive Director of the President's Digital Assets Advisory Committee, stated: 'We are ensuring the dominance of the USD, fostering innovation, and securing America's control over the future of digital finance.'

White House Crypto Czar David Sacks remarked: 'Today, we have achieved another historic legislative milestone, marking an important step towards President Trump's vision of making the US the capital of the world's cryptocurrency.'

Treasury Secretary Scott Bessent mentioned: 'Blockchain technology will drive the next generation of payments, with the USD soon to be on the chain. Thanks to President Trump's visionary leadership, the 'GENIUS Act' will help solidify the USD's position as the global reserve currency for generations to come.'

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