It is absolutely absurd that Republicans are forcing a vote today on a stablecoin bill that we have not even had an opportunity to read yet.
This is no way to run the Senate, especially on legislation that has the potential to attract wide bipartisan support, including mine.
Cryptocurrency is an exciting innovation with the potential to bring growth to the American economy if properly nurtured and regulated.
As the order notes, the U.S. has taken a position as a leader in this rapidly developing field, and we need to make sure we keep it.
Many Americans, including significant numbers of Black and brown people, have participated in the purchase and exchange of digital assets.
Their protection as consumers must be prioritized alongside the fostering of innovation to keep America competitive on the global stage.
I’m looking forward to working with regulators, industry, and the Biden Administration to design a framework for digital assets that stimulates innovation, protects consumers and our environment, and keeps our markets fair, transparent, and competitive. #SenateAG