Senator Bill Hagerty
@SenatorHagerty
With GENIUS, the value of stablecoins will be pegged to the U.S. dollar and backed 1 to 1 by cash or short-term U.S. treasuries.
By combining the dollar’s advantages with the speed and efficiency of blockchain technology, the GENIUS Act facilitates trad-fi’s adoption of crypto and ushers in a new generation in payment processing.
The prospect of faster and cheaper payments will have far-reaching implications for our financial system. (3/7)
2025-06-17T21:24:12.000Z