Congressional Digest

Congressional Digest December 2025 No. 10 Vol. 104
Honorable Chris Van Hollen

Cryptocurrency

PROS & CONS of Stablecoin Regulation

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Honorable Chris Van Hollen

Senator, Maryland, Democrat

Sen. Van Hollen is Maryland’s junior senator and was first elected to the chamber in 2016 after serving in the U.S. House of Representatives. He serves on the following committees: Appropriations; Banking, Housing and Urban Affairs; Budget; and Foreign Relations. Here’s an excerpt from his speech on the Senate floor delivered on June 18, 2025 during debate over the Guiding and Establishing National Innovation for U.S. Stablecoins [GENIUS] Act. I think the majority of my colleagues agree that we need sensible regulation of cryptocurrency and stablecoins to protect consumers, safeguard our financial system and close down their use in illicit…

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