Congressional Digest

Congressional Digest December 2025 No. 10 Vol. 104
Honorable Bill Hagerty

Cryptocurrency

PROS & CONS of Stablecoin Regulation

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Honorable Bill Hagerty

Senator, Tennessee, Republican

Sen. Hagerty is Tennessee’s junior senator and was first elected to the Senate in 2020. He serves on the following committees: Appropriations; Banking, Housing and Urban Affairs; Foreign Relations; and Rules and Administration. The following is an excerpt from his speech on the Senate floor on June 11, 2025, in support of the GENIUS Act. I am very pleased to say that we are at a point now where America can actually see a comprehensive and clear regulatory framework come to bear for payment stablecoins. For too long, the lack of any such framework has forced digital asset innovation beyond…

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