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Kirsten Gillibrand: “The Genius act was about regulating stablecoin and the bill…”

Featuring: Kirsten Gillibrand, Democratic | U.S. Senate New York

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Sen. Gillibrand: Lawmakers Issuing Crypto Is 'Against the Constitution'

Published | Video Starts at 06:30

Just talk to us a little bit about, again, that tension between the banking industry and the crypto industry and how you're viewing that from where you sit. So, as you know, The Genius act was about regulating stablecoin and the bill was a very good consensus bill that gives the United States a huge advantage because now we have such a very effectively regulated market. We are the regulators are now writing the rules and comments are being received for those rules. So it's proceeding appropriately. And that's. This comment phase is very important. (06:30–06:44)

CLAIM

Asserts that the Genius Act effectively regulates stablecoin, giving the U.S. a market advantage.

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.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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