(Editor’s Note: The following opinion column does not constitute an endorsement of any product or service on the part of Newsmax.)
On July 18, President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, known as the GENIUS Act, into law, fulfilling one of his campaign promises to the cryptocurrency community. Meanwhile, the Digital Asset Market Clarity Act, known as the CLARITY Act, was approved by the House of Representatives (H.R. 3633) and may win Senate approval before the August recess.
Much of the credit for these two landmark statutes — and for the CBDC [central bank digital currency] Anti-Surveillance State Act, which also won House approval last week — goes to 29-year-old Bo Hines, whom President Trump chose last December as executive director of the Presidential Council of Advisers for Digital Assets, the chief aide to White House artificial intelligence and crypto czar David Sacks.
Read more at Newsmax© 2025 Newsmax. All rights reserved.