May 06, 2025
Washington, DC – Before the Historic Voting of the United States Senate on legislation in order to establish the very first regulatory framework for payment stalls, the main stakeholders express the support of the bill. THE Guide and establish national innovation for American stables (engineering) – Directed by Senator Bill Hagerty (R-Tenn.) And Co-Parte by President Tim Scott (RS.C.) and the president of digital assets Cynthia Lummis (R-Wyo.)- benefited from an in-depth consultation of industry participants, university experts and government actors.
This is what they say:
“We, the CEOs of the three main digital commercial associations for digital assets, jointly urge the Senate to bring the law on field engineering for debate on the debate this week. A complete regulatory framework will allow the adoption of the stable reserve, which is essential to consult the domination of the US dollar in the digital economy. funding. said Kristin Smith, CEO of the Blockchain Association; Cody Carbone, CEO, The Digital Chamber; And Ji Kim, interim CEO, Crypto Council for Innovation.
“We congratulate the Senate for having advanced this important element of an effective framework for the regulation of American cryptography. Other significant economies around the world are in advance to set up clear rules for stablecoins and centralized intermediaries. After many years of legislative progress, it is essential that American legislators meet in the coming months to finalize the Stablecoin law and august,” said Jonathan Jachym, a global official for politicians and government relations, Kraken.
“The engineering law offers an opportunity to level the rules of the game for non -banking banking and regulated players in competition in payments and monetary movements. Stablecoins is the perfect vehicle to ensure that the United States is winning the digital currency space. said Dante Départe, Director of Strategy and Head of World Policy, Circle.
“Stripe supports the development of a clear and consistent regulatory framework for stablescoins and welcomes the increasing bipartisan interest in this issue. We appreciate the leadership manifested by the Senate Banking Committee and encourage continuous efforts to advance the legislation that protects innovation and strengthening American skills in financial services. said Stripe.
“It is time to adopt the bipartite legislation of the stablescoin. Work on the law on engineering. said Chris Dixon, director partner, A16Z Crypto.
“The legislation on stablescoin is in the national security and the economic interests of all Americans. It is a release for faster and better payment infrastructure. said Kyle Samani, co-founder and general partner, Multicoin Capital.
“The law on engineering will promote innovation and will expand payment options by promoting the growth of a secure, efficient and competitive payment ecosystem. This legislation will provide the regulatory structure necessary to support the development and use of staboins, guaranteeing consumers access to cutting -edge payment methods while providing small businesses, including local deductibles, stability and transparency required to integrate the payment methods of sandbacked as a payment option. said Matt Haller, president and president and chief executive officer of the Coalition of Payment payment choices, International Franchise Association.
“The American payment system desperately needs innovation, and a solid regulatory framework for stablescoins is a key step to achieve this”, “ said Chris Jones, member of the Executive Committee for the Coalition of Merchants Payments and Senior Vice-President of Relations and Councils of the Government, National Groceers Association. “For too long, players in the dominant payment industry have used their positions to stop innovation and competition. The Genius Act is a good step on the path of a positive change. ”
“In a more competitive global environment today, the United States must take advantage of digital networks and financial innovation to guarantee the strategic advantage and advance the power of open systems. the networks that integrate our values and strengthen our financial domination “,” said Matthew Pines, Executive Director, Bitcoin Policy Institute.
“The Genius Act presents a real opportunity for innovation in payments“Said Doug Kantor, lawyer general, national association of convenience stores. “The technology to make payments much more effective exists today, but to get there, Main Street must know that Stablecoin has responsible regulations behind it and we need a competitive market. We urge the adoption of the engineering law and additional reforms so that the American economy benefits. ”
“We urge the Senate to continue working in good faith to resolve exceptional differences and to advance the Bipartite Engineering Act. Global financial technological leadership, “ said Bobby Franklin, President and Chief Executive Officer of the National Venture Capital Association.
“The Club for Growth is encouraged by continuous progress in Congress towards the creation of a stable and light regulatory framework for Stablains. We applaud the managers of the Senate for their efforts to support innovation while limiting the regulation department in decentralized blockchain technology. said David McIntosh, President, Club for Growth.
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