Tether USAT CEO: The U.S. reversed the cryptocurrency regulatory deadlock in just 6 months, setting a record for U.S. legislation

ChainCatcher live report, Tether USAT CEO Bo Hines shared a keynote speech titled "How U.S. Policy Will Accelerate Global Cryptocurrency Adoption" at this year's Token 2049 conference in Singapore.

Bo Hines revealed that the U.S. has jumped from being a laggard in cryptocurrency regulation to a global leader. Hines, who previously served as the Executive Director of the White House's Digital Assets Presidential Advisory Committee, was a key figure in pushing the U.S. "Genius Act" stablecoin regulation bill, which passed rapidly in six months, setting a legislative record in Washington.

He pointed out that Tether serves 500 million users worldwide, and the "Genius Act" not only updates outdated payment systems but also paves the way for a 24/7 trading market, tokenized securities, and instant cross-border remittances.

Hines emphasized that countries wishing to enter the U.S. capital markets must adopt similar regulatory standards, predicting that in the coming decade, tokenization will explode in tandem with stablecoin adoption. He stated, "When consumers are unknowingly using stablecoins for transactions, the game has completely changed."