The U.S. House Committee on Financial Services Chairman French Hill issued a statement welcoming the Senate’s passage of the GENIUS Act, framing it as a step toward clear regulatory rules for stablecoins and a functional framework for the digital asset ecosystem. Hill praised the Senate’s action and credited Senate Banking Committee Chairman Tim Scott and Senators Bill Hagerty and Cynthia Lummis for their work on the legislation. He also signalled an intention to work with House colleagues on measures to deliver regulatory clarity and protections for digital assets.
U.S. Financial Services Committee 2025-06-17
U.S. House Committee on Financial Services chair backs Senate passage of the GENIUS Act to establish stablecoin rules
U.S. House Financial Services Chairman French Hill welcomed the Senate's passage of the GENIUS Act, marking progress toward stablecoin regulations and a digital asset framework. Hill praised Senate Banking Chairman Tim Scott and Senators Bill Hagerty and Cynthia Lummis for their efforts. He committed to working with House colleagues to enhance regulatory clarity and protections for digital assets.