I rise in support of the GENIUS Act. Today is a good day to watch a bipartisan coalition do what we were sent here to do: work on behalf of the American people. Today, the United States can take a bold and historic step forward not just for financial innovation, but also for American leadership, consumer protection, and economic opportunity. With the bipartisan GENIUS Act, we can do more than just pass a bill. We can deliver results for the American people. We can bring clarity for a sector that has been clouded by uncertainty, and we can make it known: The United States will lead, not follow, in the digital asset revolution. When I became chairman of the Senate Banking Committee, I promised to prioritize innovation, accountability, and smart regulation in the evolving digital economy, and we have the opportunity to deliver on that promise. The GENIUS Act will be the most significant digital assets legislation ever to pass the U.S. Senate. It is the product of months of bipartisan work. And I also want to thank the bill's sponsor Bill Hagerty, who went out of his way to make this legislation a bipartisan success by partnering with Senator Alsobrooks, working with Senator Gillibrand, along with our colleagues on this side of the aisle, Senator Lummis, and myself. I am incredibly proud to see the hard work of Senator Hagerty pay off--not for him but for the American people.
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Supporting the bipartisan GENIUS Act during Senate floor debate.
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