The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.
Tomorrow, the signing of the GENIUS Act cements the USβs future in being a leader in truly innovative financial technology β stablecoins. This moment is a historic one, and I, for one, am looking forward to all that is to come as a result of this transformational legislation.
Thank you to the bipartisan leaders that got it done β @RepFrenchHill, @GOPMajorityWhip, @CongressmanGT, @RepAngieCraig, @RepDustyJohnson, @RepDonDavis, @RepBryanSteil, @RepRitchie, @SpeakerJohnson, and @RepJoshG.
For YEARS, crypto companies have been calling on Congress to pass crypto legislation and set rules of the road. This is the first major financial bill since Dodd-Frank -- the first crypto bill to pass in the Senate, which now moves to the House, a truly historic moment.
Thank you to @SenatorTimScott, @SenatorHagerty, @gillibrandny, @Sen_Alsobrooks and many more for their leadership.
This is it β the moment weβve been waiting for. The SEC will drop its appeal β a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.