đ¨NEW: The @BankingGOP is touting stakeholders who have come out in support of the GENIUS Act ahead of its upcoming vote in the Senate.
Crypto industry supporters include @cdixon, @KMSmithDC, @JonathanJachym, @ddisparte @KyleSamani, @matthew_pines and @stripe.
There are supporters from outside the industry as well â notably Doug Kantor, General Counsel, National Association of Convenience Stores weighs in saying stablecoins will make payments on Main Street far more efficient than they are today and legislation is the only way to make that happen.
âMain Street needs to know stablecoin has responsible regulation behind it and we need a competitive market,â he said. âWe urge passage of the GENIUS Act and additional reforms so that the American economy benefits.â