The executive director of the Trump Digital Asset Advisory Committee criticized the U.S. Senate for not passing the GENIUS Act

ChainCatcher news, Trump Digital Assets Advisory Committee Executive Director Bo Hines posted on the X platform criticizing the U.S. Senate for not passing the GENIUS Act. He stated that U.S. Democrats are not doing the right thing for the people, failing to implement common-sense regulations that could have solidified leadership in the field of digital asset innovation. Bo Hines added that this bill is about building the future, aiming to update outdated payment systems and solidify the U.S. position as a global fintech standard setter. However, the U.S. has now missed the opportunity to bring clarity to the market and promote American innovation, resulting in the failure of this transformative legislation.