WASHINGTON – Today, Senator Ruben Gallego (D-AZ), Ranking Member of the Digital Assets Subcommittee, issued the following statement on Senate passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act:
“Today’s strong bipartisan passage of the GENIUS Act is proof of what can be achieved through honest negations and a willingness to work across the aisle. With the GENIUS Act’s passage, we are meaningfully closer to a stablecoin regulatory landscape in the U.S. that provides clear rules of the road, protects consumers, and holds bad actors accountable.
“I look forward to seeing this bill pass the House with equally strong bipartisan support and get signed into law.”
6/17/25