The Executive Director of the Presidential Council of Consultants on Digital Assets of the United States Bo Hines believes that the integrated bill on stablecoins will be adopted within two months.

Speaking at the Digital Asset Summit event, BO Hines emphasized that the regulation of stabiblcoins is urgent for the industry after the US banking committee approved a bill on the leadership and creation of national innovations for steelcoins (Genius). The draft law defines the rules for ensuring for issuers of stablecoins and obliges them to comply with the requirements to combat money laundering (AML).

“We saw a rare case of bicamera consent in the Senate banking committee. Representatives of both parties understand the importance of maintaining the dominance of the US dollar in the crypto industry. I think that the bill on stablecoins may have been on the president’s desk for the next two months, ”Hines said.

According to him, many economists still underestimate the potential influence of this bill on the American economy. He is able to radically change the situation in financial markets and in payment systems, further strengthening the dominance of the dollar.

Earlier, analysts of Artemis and Dune platforms said that over the past year, the number of active addresses with stablecoins has increased from 19.6 million to 30 million. This is 53% more than a year ago.