Stablecoins
Stablecoins are digital assets designed for price stability and faster payments, serving as a cornerstone for blockchain-based finance. Blockchain Association supports the bipartisan framework established by the GENIUS Act and advocates for its effective implementation as Congress intended– protecting consumers, supporting responsible innovation, and reinforcing the U.S. dollar’s global dominance.
Re-litigating stablecoin policy during the implementation process risks undermining bipartisan compromise, weakening consumer benefits, and stalling U.S.competitiveness in payment systems innovation.
GENIUS Act
Blockchain Association helped shape the GENIUS Act—the first comprehensive U.S. digital asset law—setting a foundation for responsible stablecoin regulation.
Congressional Engagement
We brief legislators on capital requirements, reserve composition, and auditing standards that ensure public trust and promote private innovation.
Partnerships
We collaborate with the North American Blockchain Association to advance state-level education and implementation of the GENIUS framework.
Reserve Transparency
We support the GENIUS Act’s requirement that issuers maintain high-quality, low-risk reserves, protecting users while maintaining flexibility for innovation.
Interoperability
Stablecoins should operate seamlessly across platforms and jurisdictions, promoting cross-border commercial efficiency and financial inclusion.
Federal Framework
Federal preemption ensures a consistent regulatory regime across the United States, preventing arbitrage and supporting onshore innovation.
Digital Asset Industry Letter of Support for the Nomination of Brian Quintenz
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To Protect the Dollar, Congress Must Let GENIUS Work
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Re-litigating the GENIUS Act Brings Risk and No Rewards
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