CryptoMediaClub
Tuesday, October 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

02.10.2025
A A
0
118
VIEWS
ShareShare

Bo Hines takes pride in crafting one of the leading crypto regulations in the US – the GENIUS Act. Speaking at a fireside chat at Token2049 in Singapore, he said that the process was phenomenal at the White House.

“The President has built a team that can actually move at tech speed in order to do this.” He said that the US was clearly lagging behind in regulations.

“We understand the need to move expeditiously, and I think that we acted on that,” said Bo, adding that it was tough for regulators, and they are still learning how these products actually work.

Bo Hines recently stepped down as executive director of the White House Crypto Council to join private sector. He later joined stablecoin giant Tether as a Strategic Advisor for it’s new stablecoin, USAT, designed for the US market and complies with the US GENIUS Act.

“Obviously, I am out of my government role now, I’d love to see the government set a standard in terms of what tech integration could look like,” Bo told Cody Carbone, CEO of the Digital Chamber, on Wednesday at the Singapore event.

GENIUS Act Was Critical: It Was the “First Piece of the Puzzle”

GENIUS Act, the stablecoin regulatory framework in the US, was passed within six months. Bo called it the “first piece of the puzzle.”

“In 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.”

He noted that there was a tremendous battle inside the system. There was a lot of conversations and healthy debates, he added.

“I think at the point, the US will be the powerhouse in this space. Again, they will reestablish themselves and become the crypto capital, just as David and the President had outlined at the beginning of the process.”

With regulations in place, banks would slowly integrate these technologies, Bo said. “Tech integrations are very simple, so banks are starting to figure it out.”

America Wanted to Create the “Most Fair and Robust” Crypto Report: Bo Hines

The White House has been working on the crypto report simultaneously with legislative priorities. The goal was to create “the most fair and robust standard that has ever been set from a government perspective,” Bo told Cody Carbone.

“And how we did this is we set up an internal working group inside of the government, which included the SEC, CFTC treasury, commerce, all of the bank regulators, and we’d sit down with them on a weekly basis, saying that, let’s evaluate what the standard should be here, let’s talk about what market structure actually needs to include.”

Currently, Patrick Woody is replacing Bo Hines in the White House as the executive director of the Council. “He’s working with the same folks that obviously helped build this comprehensive report,” Bo added.

Talking about Tether’s new stablecoin USAT, he called it a “game changer.”

“It’ll make business more expeditious, and that’s one thing that we’re working on over the course of the next couple of months. Is who our partner is going to be, who we want to collaborate with.”

Bo believes that USAT will become an institutional product in the US, not only on the retail side. “We look forward to rolling out this product, and we hope that everyone engages with it.”

The post Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle” appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing
All news

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
0

British blockchain investment firm KR1 has announced plans to move its stock listing from the Aquis Stock Exchange to the...

Read moreDetails
SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

28.10.2025
Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

28.10.2025
Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

28.10.2025
Why is Tether So Profitable, and Will It Last?

Why is Tether So Profitable, and Will It Last?

28.10.2025
Load More
Next Post
Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

Crypto Exploits Plunge 22% — $127M Lost in September, Top Hacks Revealed

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development   PRAGMA is revolutionizing Cardano by improving its infrastructure with innovative open-source projects.  After upgrading Carndado, the Foundation has improved its ability to protect crime-fighting data.  Coronado has announced the launch of PRAGMA, marking a strategic step towards advancing open-source blockchain innovation.  PRAGMA is a nonprofit organization that partners with dcSpark, Blink Labs, TxPipe, and Sundae Labs to establish a strong blockchain ecosystem for Carnado and other blockchains.    PRAGMA’s Vision and Launch On April 22nd, PRAGMA will be commencing its operations in Zug, Switzerland. This marks an important milestone for the company as it enters a new market and expands its global footprint.   Their main focus aims to create a vibrant ecosystem for Cardano and other blockchains by harvesting the development of open-source technologies.    PRAGMA is dedicated to supporting a variety of open-source projects, both those that are already established and those that are still in their infancy.   In addition, they are actively working to promote the continued development and improvement of emerging tools such as Aiken and Amaru.   These projects are central to PRAGMA’s objective of adopting a straight-thinking development environment.       CEO of the Cardano Foundation, Frederik Gregaard, stated: “ At the Cardano Foundation, we are advocates for the open-source maturity of the Cardano ecosystem, supporting collaborative initiatives that increase the diversity, as well as the quality and quantity of blockchain solutions”.    Goals and Plans PRAGMA’s goal is to cultivate an open-source ecosystem for Cardano, primarily focusing on specific projects like Amaru, a full node in Rust, and Aiken, a platform dedicated to pushing smart contract development.   The Cardano ecosystem has set an ambitious goal to increase its memberships by including a larger number of developers by the year 2025.   This strategic move is aimed at expanding its reach and influence in the developer community and providing more opportunities for developers to participate in the growth of the ecosystem.    The current market value of Cardano (ADA) is $0.5161, which has seen a slight uptick of 0.10% in the past 24 hours.    Over the past week, the price has shown significant growth of 8.50%, signalling a potential bullish market trend for the cryptocurrency.

Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development PRAGMA is revolutionizing Cardano by improving its infrastructure with innovative open-source projects. After upgrading Carndado, the Foundation has improved its ability to protect crime-fighting data. Coronado has announced the launch of PRAGMA, marking a strategic step towards advancing open-source blockchain innovation. PRAGMA is a nonprofit organization that partners with dcSpark, Blink Labs, TxPipe, and Sundae Labs to establish a strong blockchain ecosystem for Carnado and other blockchains. PRAGMA’s Vision and Launch On April 22nd, PRAGMA will be commencing its operations in Zug, Switzerland. This marks an important milestone for the company as it enters a new market and expands its global footprint. Their main focus aims to create a vibrant ecosystem for Cardano and other blockchains by harvesting the development of open-source technologies. PRAGMA is dedicated to supporting a variety of open-source projects, both those that are already established and those that are still in their infancy. In addition, they are actively working to promote the continued development and improvement of emerging tools such as Aiken and Amaru. These projects are central to PRAGMA’s objective of adopting a straight-thinking development environment. CEO of the Cardano Foundation, Frederik Gregaard, stated: “ At the Cardano Foundation, we are advocates for the open-source maturity of the Cardano ecosystem, supporting collaborative initiatives that increase the diversity, as well as the quality and quantity of blockchain solutions”. Goals and Plans PRAGMA’s goal is to cultivate an open-source ecosystem for Cardano, primarily focusing on specific projects like Amaru, a full node in Rust, and Aiken, a platform dedicated to pushing smart contract development. The Cardano ecosystem has set an ambitious goal to increase its memberships by including a larger number of developers by the year 2025. This strategic move is aimed at expanding its reach and influence in the developer community and providing more opportunities for developers to participate in the growth of the ecosystem. The current market value of Cardano (ADA) is $0.5161, which has seen a slight uptick of 0.10% in the past 24 hours. Over the past week, the price has shown significant growth of 8.50%, signalling a potential bullish market trend for the cryptocurrency.

2 years ago
Best Crypto to Buy Now July 3 – Cardano, Pyth, Tron

Best Crypto to Buy Now July 3 – Cardano, Pyth, Tron

1 year ago
Pepe Unchained $PEPU Presale Hurtles Past $9 Million Amidst Feverish $PEPE and Layer 2 Activity

Pepe Unchained $PEPU Presale Hurtles Past $9 Million Amidst Feverish $PEPE and Layer 2 Activity

1 year ago
Bitcoin (BTC) Sticks to $26K Due to Massive Sell-Off, More Dump Incoming?

Bitcoin (BTC) Sticks to $26K Due to Massive Sell-Off, More Dump Incoming?

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Crypto PACs Build $263M War Chest Ahead of 2026 US Midterm Elections

Why is Bitcoin price pumping? Catch up on what’s moving crypto

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

Why is Tether So Profitable, and Will It Last?

Trending

Watch these 4 tripwires to signal XRP price direction this week
Analysis

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
0

XRP entered the final week of October with leverage rebuilt and a working beta to Bitcoin that...

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

28.10.2025
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

28.10.2025
Does a weaker dollar drive Bitcoin price now?

Does a weaker dollar drive Bitcoin price now?

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz