Senator Bill Hagerty introduced GENIUS Act in February 2025 and steered it through committee negotiations

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The bipartisan legislation was introduced by Senator Bill Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis.

Introduced in February, the bill floundered last month when pro-crypto Democrats threatened to walk away from negotiations over concerns it didn’t adequately protect consumers, the financial system, or national security.