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 participate in this emerging crypto economy cementing the dollar as the world's reserve currency, protecting consumers and the deposit base, and supercharging the Treasury market.
Discussing the implications of the GENIUS Act on banking and the economy.
Share
More from Andy Barr
We believe this strikes the right balance — allowing farmers to continue growing a profitable, legitimate crop while ensuring intoxicating hemp products are appropriately regulated as adult-only products with strict age restrictions for…
Homeownership is a cornerstone of the American Dream, but for too many families, it’s becoming unattainable.
Today in America, freedom is under attack. A growing powerful left-wing woke socialist and crazy ideology is on the march. If we let it, it will come to Kentucky. And my fellow Republicans, I will not let it.
Common sense tells us that we are a nation of immigrants, and that we welcome people to our country, but they have to come legally, or they should not be here at all. Common sense tells us that you have to show a voter ID in order to vote…
Other voices in this conversation
