Crypto entrepreneurs were fleeing America, but we can bring them back
Regulatory uncertainty drove crypto innovation offshore, but new bipartisan leadership and clear frameworks can restore America’s financial dominance.
Opinion by: Senator Tim Scott and Senator Cynthia Lummis
The US Congress recently took a major step toward reclaiming the United States’ leadership in financial innovation. We passed, and President Trump signed, the bipartisan GENIUS Act passed — a landmark bill that establishes the first-ever federal framework for payment stablecoins.
It’s a milestone for consumer protection, national security and American competitiveness — and proof that principled leadership can still deliver real results.