The White House issued a statement praising the passage of the "GENIUS Act": paving the way for the United States to lead the global Digital Money revolution.

On July 20, the White House issued a statement praising the passage of the "GENIUS Act," calling it a historic piece of legislation that will pave the way for the United States to lead a global digital currency revolution. President Trump stated that the Act "creates a clear and concise regulatory framework to establish and unleash the tremendous potential of dollar-backed stablecoins. This may be the greatest revolution in financial technology since the birth of the Internet." Bo Hines, Executive Director of the President's Digital Asset Advisory Council, remarked, "We are ensuring the dominance of the dollar, unleashing innovation, and allowing the United States to permanently control the future of digital finance." White House Crypto Assets Czar David Sacks said, "Today we have achieved another historic legislative milestone, an important step in President Trump's commitment to making America the world's cryptocurrency capital." Treasury Secretary Scott Bessent stated, "Blockchain technology will drive the next generation of payments, and the dollar is about to go on-chain. Thanks to President Trump's visionary leadership. The 'GENIUS Act' will help solidify the dollar's status as the global reserve currency for generations to come."