Cynthia Lummis: “Bill Haggerty carried that bill called the Genius Act.”

“Tim Scott, who was here last year, became the chairman of the Senate Banking Committee. He did create a Digital Assets Subcommittee. He did make me chairman of it. Our first effort was stablecoin legislation. Bill Haggerty carried that bill called the Genius Act. We thought that would be a lighter lift. And then doing market structure later, what we found out was that it was not a light lift.” (01:36–01:41)

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