White House: GENIUS Act Legislation Will Pave the Way for the U.S. to Lead the Global Digital Currency Revolution

According to Jinse Finance, the White House has issued a statement highly praising the passage of the GENIUS Act, describing it as historic legislation that will pave the way for the United States to lead the global digital currency revolution. President Trump stated that the act “creates a clear and concise regulatory framework to establish and unlock the tremendous potential of dollar-backed stablecoins. This may be the greatest revolution in financial technology since the birth of the internet.” Bo Hines, Executive Director of the Presidential Digital Asset Advisory Committee, said, “We are ensuring the dominance of the dollar, unleashing innovation, and securing America’s permanent leadership in the future of digital finance.” The White House’s cryptocurrency czar, David Sacks, commented, “Today we have achieved another historic legislative milestone, marking an important step in President Trump’s commitment to making the United States the world’s crypto capital.” Treasury Secretary Scott Bessent stated, “Blockchain technology will drive the next generation of payments, and the dollar is about to go on-chain. Thanks to President Trump’s visionary leadership, the GENIUS Act will help solidify the dollar’s status as the global reserve currency for generations to come.”