Bill Hagerty, Republican Senator argued that the GENIUS Act is vital to restoring U.S. competitiveness and maintaining the dollar's role as the world reserve currency

Event date

June 11, 2025

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Before the vote, Senator Bill Hagerty, the bill’s sponsor, emphasized the urgency of the legislation. He said the absence of clear regulations had pushed digital asset innovation overseas, putting both U.S. leadership and consumer safety at risk. “To modernize our payment system and restore our nation’s competitive edge, we must act now. That’s why I introduced the GENIUS Act,” Hagerty added.

Senator Bill Hagerty, asked his colleagues for support on the bill."This would strengthen our fiscal position and cement the dollar's status as the world's reserve currency," Hagerty argued. "If we fail to act now, not only will these benefits slip away, we'll also fall behind in global competitiveness without a regulatory framework

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Week 24 of 2025