Political Quotes

“As I travel from Washington, DC, to participate in a congressional delegation focused on U.S. national security while debate on the GENIUS Act, S. 1582, continues, I rise today to expound on my support for this critical bill. This bill represents what the U.S. Senate can achieve when Republicans and Democrats collaborate in earnest. As lawmakers, we have the responsibility to build and improve upon laws that are no longer applicable to 21st century innovation. The GENIUS Act is an important first step that helps solidify the United States as a leader in shaping payments modernization. We must maintain this ongoing effort to ensure digital assets grow and evolve in a safe and sound manner that not only protects national security but also the people engaging these technologies. The current iteration of the GENIUS Act is distinctly different from the text that was originally introduced because of bipartisan negotiations. The version being considered includes a change in section 7(B) that I introduced during the Senate Banking, Housing, and Urban Affairs legislative hearing on March 13, 2025. This change ensures payment stablecoin issuers can only issue, redeem, and manage reserves to back their stablecoins and prevents issuers from engaging in speculative and high-risk ventures that could increase the likelihood of a failure.”