Executive Director of Trump’s Digital Asset Advisory Committee Criticizes US Senate for Not Passing GENIUS Act

According to ChainCatcher, Bo Hines, the executive director of Trump's digital asset advisory council, criticized on X platform that the U.S. Senate failed to pass the GENIUS Act. He stated that Democratic Party members are not doing the right thing for the people and failed to implement common-sense regulations that could have consolidated the leadership in digital asset innovation. Bo Hines added that this bill was about building the future, aimed at updating outdated payment systems and solidifying the United States' position as a global financial technology standard-setter. However, now the U.S. has given up the opportunity to bring clarity to the market and promote innovation, resulting in the failure of this transformative legislation.