On the recordMay 22, 2025
before I talk about digital assets, I want to take a moment to remember Sarah Lynn Milgrim and Yaron Lischinsky, who were tragically, senselessly murdered last night at the Capital Jewish Museum. May their memory be a blessing for their families, their friends, their community, and their faith. Let me be very clear. Anti-Semitism and this kind of hate-fueled violence have no place in our country, no place in the world. I encourage you all to join me in keeping these families in your prayers in the coming weeks. I am proud to stand in support of Israel during this time. The GENIUS Act is a watershed moment in how we approach digital finance while also preserving the institutions that have served our Nation for decades. Digital assets are the future, and it is our responsibility to ensure the United States continues to lead the way. The uncomfortable reality is that our payment system is outdated. Many of our financial rails date back to the 1970s and 1980s, before the internet transformed how we live and work. When a small business owner in Cheyenne uses a traditional payment system to send a payment to a supplier overseas, they face delays up to 10 days and 2 to 5 percent transaction fees. This isn't just inconvenient; it is a competitive disadvantage to American businesses. But digital assets change all that.
Source
govinfo.gov




