Congressional Digest

Congressional Digest December 2025 No. 10 Vol. 104
Honorable John Thune

Cryptocurrency

PROS & CONS of Stablecoin Regulation

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Honorable John Thune

Senator, South Dakota, Republican

Sen. Thune is South Dakota’s senior senator and was first elected to the Senate in 2004 after serving in the U.S. House of Representatives. Thune has been the Senate majority leader and Senate Republican leader since January 2025. He also serves on the following committees: Commerce, Science and Transportation; Agriculture, Nutrition and Forestry; and Finance. The following is an excerpt from his speech delivered on the Senate floor on July 22, 2025, in support of the GENIUS Act. The GENIUS Act opens the door for digital assets to come into the mainstream, and it sets us up for sustained American…

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