The following statement is attributed to Blockchain Association CEO Summer Mersinger following today’s bipartisan supermajority cloture vote on the GENIUS Act:
“Today’s cloture vote on the GENIUS Act marks a critical step toward establishing clear, practical rules for stablecoins – a pillar of the digital asset ecosystem and the future of our financial system. The bipartisan momentum behind this legislation reflects a growing consensus that smart regulation can foster innovation, protect consumers, and ensure that the United States leads the world in the development of blockchain-based financial technologies. Stablecoins also play an important role in reinforcing the global prominence of the U.S. dollar in an increasingly digital economy. We commend the Senate for advancing this important bill and urge a swift final vote to solidify America’s leadership in digital assets.”
