And we will continue to move expeditiously to build out the president's administration on the legislative side. Mr. President, our first order of business this week will be completing work on The Genius Act...will finally create a clear regulatory framework for stablecoins, a framework that will protect consumers and our national security while helping to keep the United States at the forefront of financial innovation. And I'm hoping that we can finish up this legislation in the very near future. Another item high on our list to begin work on in June is a rescissions package the White House intends to send Congress this week. (00:43–01:01)
CLAIM
Asserts that the Genius Act will establish a regulatory framework for stablecoins to protect consumers and national security.
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