Congressional Digest

Congressional Digest December 2025 No. 10 Vol. 104
Honorable Cynthia Lummis

Cryptocurrency

PROS & CONS of Stablecoin Regulation

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Honorable Cynthia Lummis

Senator, Wyoming, Republican

Sen. Lummis is Wyoming’s junior senator and was first elected to the Senate in 2020 after four terms in the U.S. House of Representatives. She serves on the following committees: Banking, Housing and Urban Affairs; Commerce, Science and Transportation; and Environment and Public Works. The following is an excerpt from her speech on the Senate floor on June 17, 2025, in support of the Guiding and Establishing National Innovation for U.S. Stablecoins [GENIUS] Act. Since 2017, Wyoming has been at the forefront of digital asset policy, long before it was popular or politically expedient. In Wyoming, we recognized early on…

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