The Blockchain Association has voiced its support for the newly introduced Lummis-Gillibrand Payment Stablecoin Act. In a statement released on Apr 17 2024, Blockchain Association CEO Kristin Smith expressed appreciation for the bipartisan effort put forth by Sens. Lummis and Gillibrand in addressing a legislative gap in the digital asset ecosystem.

Smith stated, “We appreciate their bipartisan approach to address a legislative gap in the digital asset ecosystem. Blockchain Association is ready – supported by the expertise of our members – to provide feedback and we look forward to continuing our open dialogue with the senators and their staff.”

The association, representing various players in the blockchain and digital asset space, stands ready to engage with policymakers and provide valuable insights to ensure the smooth functioning of the digital asset industry under the proposed legislation.