It’s time to pass bipartisan stablecoin legislation. The GENIUS Act will protect consumers and increase transparency--a significant improvement on the status quo.

We support any legislation that achieves that progress while safeguarding the core benefits of blockchain technology — empowering peer-to-peer digital economies to operate without intermediaries.

The bill isn't perfect and will require refinements to achieve these goals, but it is essential that the Senate complete its bipartisan work on the GENIUS Act.

Moving quickly on this and a market structure bill would provide long-overdue clarity for consumers and the industry so that we entrench dollar dominance and the U.S. remains the leader in blockchain technology. 🇺🇸