Kristin Smith Chief Executive Officer at Blockchain Association | Official website
The Senate is set to make a significant decision as it approaches the cloture vote on the GENIUS Act. Sarah Milby, Interim CEO and Head of Policy at the Blockchain Association, has issued a statement regarding this crucial moment for U.S. legislation on digital assets.
Milby emphasized the importance of the GENIUS Act in enhancing U.S. competitiveness in digital finance. "The Senate is approaching a pivotal moment," she stated. The act is seen as an opportunity for Congress to take a leading role in stablecoin legislation, which Milby argues is essential for maintaining U.S. dollar dominance in the evolving digital finance landscape.
She highlighted that many Americans, including developers and users, are seeking legal clarity and innovation in this area. "Tens of millions of Americans – developers, users, and voters – are demanding legal clarity and responsible innovation," Milby noted.
Today's vote on whether to proceed with consideration of the GENIUS Act follows extensive debate and bipartisan efforts. Milby called it "a critical first step" towards reinforcing America's position in financial and technological advancement. She urged the Senate to take action to ensure continued leadership in these fields.
