Political Quotes

“on a different topic, I note that the Senate this week has started debate on the GENIUS Act. This bill establishes a regulatory framework for so-called stablecoins, which are representations of dollars recorded on a blockchain. The GENIUS Act could be the most significant banking bill that Congress has considered since the Wall Street reform legislation that passed after the 2008 financial crisis. There are a number of, I believe, fundamental problems with the GENIUS Act in terms of national security, consumer protection, and systemic risk. I am so pleased that the majority leader has said that we will have an open amendment process, and I look forward to filing a series of amendments to address the problems in the bill. I hope that, together, we can come up with a much better version. With that, I yield the floor.”