Senator Tim Scott, Chairman of the Senate Banking, Housing, and Urban Affairs Committee, praised the vote to pass the GENIUS Act (Stablecoin) as an important step that has been delayed too long in affirming the United States' leadership role in the digital asset space.

He expressed appreciation for the bipartisan cooperation, as many Democratic senators returned to the negotiating table and supported this legislation. The GENIUS Act will help the United States move closer to building a legal framework that both fosters innovation and protects consumers while strengthening national security.