WASHINGTON – Today, U.S Sens. Mark R. Warner (D-VA) released the following statement regarding a Senate procedural vote on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act:

“This is an area that demands American leadership. Stablecoins are undeniably a part of the future of finance, and the United States should set the standard for responsible innovation in the digital financial space.

“While we’ve made meaningful progress on the GENIUS Act, the work is not yet complete, and I simply cannot in good conscience ask my colleagues to vote for this legislation when the text isn’t yet finished.

“I remain fully committed to getting this right. I plan to continue working with my colleagues to strengthen this legislation and move it forward in a way that promotes innovation while protecting the interests of the American people. It is my sincere hope that we can start floor consideration next week after we have finalized our work and given our colleagues adequate time to review.”

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