Bo Hines, former executive director of the White House Crypto Council, addressed the development of the GENIUS Act and Tether's new stablecoin, USAT, during Token2049 in Singapore. Hines emphasized the swift creation of the GENIUS Act, a U.S. stablecoin regulatory framework, as a pivotal step in modernizing the financial system. He underscored the necessity of collaboration between government and industry to navigate regulatory challenges. As a strategic advisor at Tether, Hines described USAT as a 'game changer' with significant potential for institutional adoption. He highlighted the stablecoin's role in enhancing financial operations and its expected impact on the broader cryptocurrency market.