PANews reported on May 16 that Bo Hines, executive director of President Trump's Digital Asset Advisory Committee, tweeted that the GENIUS Act focuses on the role of stablecoins in strengthening the dominance of the US dollar, and believes that it will help modernize payment infrastructure and improve transfer efficiency and transparency. He emphasized that digital asset technology is the core of the next generation of finance, and the United States is ready to lead the world in this field.