Rep. Sam Liccardo
@RepLiccardo
I was an original cosponsor of bipartisan legislation of the House version of a bill that has now been enacted into law, the Genius Act. This Congress’ first efforts to enact guardrails for stablecoin, enabling the regulated deployment of “digital dollars” where issuers are required to keep a 1:1 reserve for each and every stablecoin (eg, with treasuries or deposits). If properly regulated, stablecoin can help millions of consumers reduce financial fees, expedite transactions, dampen inflation abroad, maintain dollar primacy globally, and ensure accurate records through an immutable blockchain. #crypto
The Washington Post
@washingtonpost
The U.S. House passed the first major piece of nationwide legislation to regulate cryptocurrencies, a move widely expected to bring the once-obscure payment technology further into the mainstream economy. wapo.st/46hRe9o 2025-07-18T01:00:08.000Z
2025-07-22T14:56:37.000Z