David Sacks: GENIUS Act will use blockchain based payment systems to update outdated payment methods

According to Foresight News, White House Cryptocurrency and Artificial Intelligence Director David Sacks tweeted that "President Trump signed the GENIUS Act, which establishes a legal framework for stablecoins. It will use a revolutionary new payment system based on blockchain to update outdated payment methods and expand the dominance of the US dollar globally by creating a digital dollar that people around the world can use