CfG President David McIntosh Statement on GENIUS Act

Washington, D.C. – Club for Growth President David McIntosh issued the following statement on the Senate consideration of Senators Bill Hagerty (R-TN), Cynthia Lummis (R-WY), and Tim Scott’s (R-SC) GENIUS Act, legislation establishing a regulatory framework for stablecoins:

“Club for Growth is encouraged by the continued progress in Congress toward establishing a stable, light-touch regulatory framework for stablecoins. We applaud Senate leaders for their efforts to support innovation while limiting regulatory overreach in decentralized blockchain technology. It is imperative that the GENIUS Act advances so pro-growth stablecoin legislation can be signed into law by President Trump.” –David McIntosh, President, Club for Growth.