The GENIUS Act Passes the Senate: Lead Sen. Bill Hagerty Discusses The US Stablecoin Bill cover art

The GENIUS Act Passes the Senate: Lead Sen. Bill Hagerty Discusses The US Stablecoin Bill

The GENIUS Act Passes the Senate: Lead Sen. Bill Hagerty Discusses The US Stablecoin Bill

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Today, we discuss the recently passed Genius Bill with Senator Bill Hagerty, a key architect behind the legislation aimed at stabilizing the U.S. stablecoin market. Following a significant bipartisan Senate vote of 68-30, Sen. Hagerty shares insights on the evolving congressional perception of cryptocurrency, moving from skepticism to support. The bill seeks to foster a regulatory environment that encourages innovation while protecting users and maintaining America’s leadership in financial technology. The episode also highlights the potential economic benefits of a strong stablecoin framework and addresses concerns regarding Central Bank Digital Currencies (CBDCs). ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🌐CELO | BUILD TOGETHER AND PROSPER https://bankless.cc/Celo 🟠 BINANCE | THE WORLDS #1 CRYPTO EXCHANGE https://bankless.cc/binance ------ TIMESTAMPS 00:00 Start 05:20 Introduction of Senator Bill Haggerty 08:00 The Genesis of the Genius Bill 12:45 Overcoming Legislative Hurdles 21:30 Bipartisan Support Explained 28:50 The Economics of Stablecoins 36:00 Geopolitical and Domestic Impacts 45:15 Addressing Detractors’ Concerns 53:40 The Difference Between Stablecoins and CBDCs 01:02:00 Future Legislative Directions 01:10:20 Call to Action for Listeners 01:20:00 Closing Remarks and Next Steps ------ RESOURCES Sen. Bill Hagerty: https://x.com/SenatorHagerty The GENIUS Act: https://www.congress.gov/bill/119th-congress/senate-bill/394/text Sec. Bessent’s Tweet: https://x.com/SecScottBessent/status/1935027160374210573 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

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