“The House’s action marks a historic milestone in our efforts to deliver a clear, pro-innovation framework for digital assets. I commend my colleagues in the House for advancing stablecoin legislation, and I look forward to seeing GENIUS enacted into law," added Chairman Tim Scott (R-SC). “Under President Trump’s leadership, we have a real opportunity to cement American dominance in digital asset innovation while protecting consumers and preserving financial freedom. I look forward to working hand in hand with the House to usher market structure legislation through the Senate and ensure the United States leads the future of digital assets.”