[Congressional Record Volume 171, Number 104 (Tuesday, June 17, 2025)]
[Senate]
[Page S3434]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               GENIUS ACT

  Mr. WARNER. Mr. President, for too long, stablecoins have operated in 
a regulatory gray area, putting consumers, markets, and national 
security at risk. The bipartisan GENIUS Act brings much-needed 
oversight and standards to the $250 billion stablecoin market. It also 
creates guardrails for responsible innovation and will enact sensible 
consumer protections for payment stablecoins. As an early supporter and 
negotiator of the final version of the bill, I pushed for provisions 
which clearly preserve State consumer protection laws in the negotiated 
rule of construction in section 7(f)(4). This provision is commonsense 
and furthers the goal of ensuring that consumer interests come first.

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