Andy Barr: “the prospect of powerful Federal agencies working with the Department of Justice to pressure banks to terminate…”

If we lose this seat in the Senate in Kentucky, we will lose the Senate, and if we lose the Senate, we will lose our country. That is literally what’s on the line.

Had I been present, I would have voted YEA on Roll Call No. 484. ____________________

Just to conclude, we want to avoid eroding the deposit base and starving the private sector of conventional bank financing. The GENIUS Act will not erode the deposit base. It will allow banks to issue and custody stablecoins and…

This legislation builds on that success by creating a national framework that rewards responsible producers, eliminates bad actors, and ensures consumers have confidence in the products they purchase.