Washington, D.C. – U.S. Senator Cynthia Lummis (R-WY) released the following statement after the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Actpassed the United States Senate by a 68 to 30 vote.
“Today the Senate took a critical step toward securing U.S. Dollar dominance and promoting our continued leadership in financial innovation by passing the bipartisan GENIUS Act,” said Lummis. “The Senate must immediately turn to passing comprehensive market structure legislation which will build on the initial step the Senate has taken today. I want to congratulate Senator Hagerty for this great bipartisan achievement, and thank Leader Thune and Chairman Scott for their commitment to advancing commonsense regulations for digital assets. I look forward to seeing this important legislation get across the finish line.”
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