John Thune: “The Genius Act...will finally create a clear regulatory…”

“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.” (01:41–01:50)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.