Kristin Smith Chief Executive Officer at Blockchain Association | Official website
The Senate's recent cloture vote on the GENIUS Act is being seen as a significant move towards creating defined regulations for stablecoins. This development is considered a bipartisan effort, highlighting an increasing acknowledgment of the necessity for a regulatory framework in this area.
Sarah Milby, the Interim CEO and Head of Policy at the Blockchain Association, issued a statement following the vote. She remarked, "The Senate’s cloture vote tonight on the GENIUS Act marks a meaningful step toward establishing clear, commonsense rules for stablecoins. This bipartisan progress reflects the growing recognition of the need for a regulatory framework for stablecoins that supports innovation, ensures consumer protection, and reinforces U.S. leadership in digital assets."
Milby further expressed optimism about the ongoing discussions surrounding this legislation.
