According to online reports, the White House issued a document praising the passage of the GENIUS Act, saying that the GENIUS Act is a historic piece of legislation that will pave the way for the United States to lead the global digital currency revolution. President Trump said the bill "creates a clear and concise regulatory framework to create and unleash the huge potential of dollar-backed stablecoins." This is perhaps the greatest revolution in financial technology since the birth of the Internet." Bo Hines, executive director of the President's Digital Assets Advisory Council, said: "We are ensuring the dominance of the dollar, unlocking innovation, and giving the United States permanent control of the future of digital finance." White House cryptocurrency czar David Sacks said: "Today we have achieved another historic legislative achievement, which is an important step for President Trump to fulfill his promise to make the United States the world's cryptocurrency capital." Finance Minister Scott Bessent said: "Blockchain technology will drive the next generation of payments, and the dollar is about to be launched. Thank you to President Trump for his visionary leadership. The GENIUS Act will help consolidate the U.S. dollar's status as a global reserve currency for future generations."