{"id":50826,"date":"2025-10-02T20:01:57","date_gmt":"2025-10-02T20:01:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=50826"},"modified":"2025-10-02T20:01:57","modified_gmt":"2025-10-02T20:01:57","slug":"bo-hines-says-genius-stablecoin-project-is-first-piece-of-the-puzzle","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=50826","title":{"rendered":"Bo Hines Says GENIUS Stablecoin Project Is \u201cFirst Piece Of The Puzzle\u201d"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Bo Hines, formal executive director of the White House Crypto Council, transitioned from public service to the private sector to take the helm at Tether for its new stablecoin USAT under the fresh GENIUS Act regulatory framework. GENIUS Act, passed recently, <\/span>aims to regulate stablecoins, mandate stablecoin issuers to maintain reserves in safe and liquid assets such as treasury bills, comply with anti-money laundering and terrorism finance regulations, and prioritise coin holders in bankruptcy proceedings.<\/p>\n<p><span style=\"font-weight: 400\">Hines took the stage during TOKEN2049 Singapore described the GENIUS Act as the \u201cfirst piece of the puzzle\u201d toward complete modernization of the US payments system, with the legislation focusing on creating robust operational standards, increasing transparency. \u201cThe President (Donald Trump) has built a team that can actually move at tech speed in order to do this,\u201d said Hines. \u201cWe understand the need to move expeditiously, and I think that we acted on that.\u201d<\/span><\/p>\n<p>\u201cObviously, I am out of my government role now, I\u2019d love to see the government set a standard in terms of what tech integration could look like,\u201d he added.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bo Hines is speaking at TOKEN2049.<\/p>\n<p>Key takeaways:<\/p>\n<p>\u2013 Banks are slow movers.<br \/>\u2013 500 million users use Tether, so it\u2019s not a niche anymore<br \/>\u2013 Stablecoins give access to U.S. capital markets to people who could not participate otherwise.<br \/>\u2013 both Lutnick and Bessent are people who can\u2026 <a href=\"https:\/\/t.co\/xBvLrvNJcW\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/xBvLrvNJcW<\/a><\/p>\n<p>\u2014 Jack | Blockchain Philosopher (@jacksage_) <a href=\"https:\/\/twitter.com\/jacksage_\/status\/1973603453676167562?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 2, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">The 12+ Hottest Crypto Presales to Buy Right Now\u00a0<\/a><\/strong><\/p>\n<h2>\u201cWe have to start by updating the payment rails that existed, many of which were archaic,\u201d said Hines<\/h2>\n<p><span style=\"font-weight: 400\">\u201cIn order to have a completely renovated and revolutionized economic state, we had to start by updating the payment rails that existed, many of which were archaic,\u201d said Hines. \u201cI think at the point, the US will be the powerhouse in this space. Again, they will re-establish themselves and become the crypto capital, just as David and the President had outlined at the beginning of the process.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hines credits the US administration under Trump for its willingness to move \u201cat the speed of technology\u201d and collaborate among industry and governmental stakeholders.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stablecoins. The big topic on the block. As Bo Hines delivers his remarks, let me remind viewers of the \u201cwhy\u201d<\/p>\n<p>With tokens pegged to fiat currencies enabling the trading and settlement of digital assets, stocks, bonds and also commodities on decentralized exchanges, stablecoins\u2026 <a href=\"https:\/\/t.co\/R4sFXv9zwQ\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/R4sFXv9zwQ<\/a><\/p>\n<p>\u2014 Andrew De&#8217;Vilbiss (@DrewDeVilbiss) <a href=\"https:\/\/twitter.com\/DrewDeVilbiss\/status\/1911924427089985697?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">April 14, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"nnbtc-header__title\">Tether USAT Stablecoin Launched In September<\/h2>\n<p><span data-preserver-spaces=\"true\">Last month, Tether launched a new stablecoin called USAT.<\/span><\/p>\n<p><span style=\"font-weight: 400\">USAT clearly has the first mover advantage and its backers believe it will future-proof American crypto competitiveness, <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is designed specifically for the US market and comes with a <\/span><span data-preserver-spaces=\"true\">big<\/span><span data-preserver-spaces=\"true\">\u00a0promise to play by the rules. This isn\u2019t just another token being added to the mix. It\u2019s the first\u00a0<\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\">\u00a0step from Tether\u2019s new leadership, and the goal is simple: build something the regulators will actually be happy with.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Hines says this isn\u2019t just about keeping regulators off their <\/span><span data-preserver-spaces=\"true\">backs<\/span><span data-preserver-spaces=\"true\">. It\u2019s about giving American businesses something they can actually rely on. According to Hines, USAT is Tether\u2019s way of proving that it can do things by the book and still compete in the digital asset space.<\/span><\/p>\n<p><strong>Explore<\/strong>:<strong>\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" rel=\"\">9+ Best High-Risk, High-Reward Crypto to Buy Right Now<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">With the passage of the GENIUS Act and the launch of the federally-compliant USAT stablecoin, the US is reclaiming the regulatory and industrial initiative in crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">The GENIUS Act and USAT are expected to serve as templates internationally, influencing regulatory approaches abroad and reinforcing the US as a digital finance leader.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/bo-hines-says-genius-stablecoin-project-is-first-piece-of-the-puzzle\/\">Bo Hines Says GENIUS Stablecoin Project Is \u201cFirst Piece Of The Puzzle\u201d<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bo Hines, formal executive director of the White House Crypto Council, transitioned from public service to the private sector to take the helm at Tether for its new stablecoin USAT under the fresh GENIUS Act regulatory framework. GENIUS Act, passed recently, aims to regulate stablecoins, mandate stablecoin issuers to maintain reserves in safe and liquid [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-50826","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50826"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50826\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}