Congressional Digest

Congressional Digest December 2025 No. 10 Vol. 104
Honorable Jack Reed

Cryptocurrency

PROS & CONS of Stablecoin Regulation

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Honorable Jack Reed

Senator, Rhode Island, Democrat

Sen. Reed is Rhode Island’s senior senator and was first elected to the Senate in 1996 after serving in the U.S. House of Representatives. He serves on the following committees: Armed Services; Appropriations; and Banking, Housing and Urban Affairs. Here’s an excerpt from his speech on the Senate floor delivered on June 16, 2025, when he dicussed his decision to vote against passage of the GENIUS Act. I believe that this legislation, as it is currently drafted, is fundamentally flawed. It exposes taxpayers, consumers and the financial system to unacceptable risk, and it creates venues for criminals, terrorists and rogue…

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