John Thune: “The GENIUS act provides that clarity [for stablecoins].”

“Mr. President, I think we all agree the United States should be the world's leader in financial innovation. Stablecoins should be made in the usa. But we can't lead an innovation if there's no clarity for the innovators. The GENIUS act provides that clarity [for stablecoins]. It's the first step in bringing digital assets into our financial system by setting a clear framework for stablecoins. To be clear, Americans are already using stablecoins and will continue to use them with or without this legislation.” (02:06–02:15)

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