What happened? Bo Hines helped push the GENIUS Act, left his White House role, and joined Tether to advise on a US-focused stablecoin.
The GENIUS Act was moved quickly with White House coordination and Bo called it the “first piece of the puzzle.” He recently stepped down as executive director of the White House Crypto Council and signed on with Tether as a Strategic Advisor for its USAT stablecoin. Bo says the new framework and USAT will speed up tech integrations and make payments more efficient as regulators and banks learn to work with these products.
Who does this affect? Regulators, banks, stablecoin issuers, and institutional and retail crypto users in the US will all feel the impact.
The working group that produced the report included the SEC, CFTC, Treasury, Commerce and bank regulators, so those agencies and the firms they oversee are directly involved. Banks are expected to start integrating updated payment rails and tech as rules clarify what’s allowed. Stablecoin issuers and institutional investors stand to gain from clearer compliance paths and easier on- and off-ramps for dollar-denominated crypto activity.
Why does this matter? Clear rules plus a regulated US stablecoin could unlock institutional flows and accelerate market adoption, reshaping the crypto landscape.
Regulatory clarity and a compliant product like USAT could make it easier for banks and businesses to use stablecoins, increasing real-world payments and settlement use. That shift could help the US reassert itself as a crypto hub and draw institutional liquidity back onshore. Ultimately, faster payment rails and more trusted dollar stablecoins could boost market depth, reduce frictions, and change where and how crypto trading and custody scale in the coming years.