WASHINGTON – American Consumer and Investor Institute President and Policy Director Katie Boyd released the following statement today applauding Senate passage of the GENIUS Act:
“Today’s Senate passage of the GENIUS Act on a strong, bipartisan vote is an important step toward securing American leadership on digital assets and strengthening U.S. dollar dominance. Stablecoins benefit American consumers with faster, more cost-effective and secure digital payment solutions. The GENIUS Act creates a level playing field for all stablecoin operators issuing into the United States, enhancing protections for our economy, national security, and retail investors. Together, the Trump Administration and Republican-led Congress are advancing an America First agenda that ensures the U.S. remains at the forefront of the rapidly evolving global financial system. ACII is proud to support their efforts and looks forward to seeing a final stablecoin bill reach the president’s desk.”