#USStablecoinBill "While we very much hope to continue working with our colleagues to resolve this issue, we will not be able to vote to finalize if the current version of the legislation is submitted for discussion."

This statement is signed by Senators Raphael Warnock, Catherine Cortez Masto, Ben Ray Luján, John Hickenlooper, and Adam Schiff. Surprising are Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester, and Andy Kim, all of whom supported the legislation when it was approved in the Senate Banking Committee in March, also included among the signatories.

However, it is worth noting that two Democratic Senators who are co-sponsors of the GENIUS Act alongside the lead Republican sponsor Senator Bill Hagerty — Kirsten Gillibrand and Angela Alsobrooks — did not sign the statement.