GOP Rep. French Hill Drops Bombshell: GENIUS, CLARITY, and Anti-CBDC Bills Poised to Shake Up the Financial World—Are You Ready?

GOP Rep. French Hill Drops Bombshell: GENIUS, CLARITY, and Anti-CBDC Bills Poised to Shake Up the Financial World—Are You Ready?

“I believe that we do have the votes to advance the Senate Genius Act, which will create the first federally regulated, with clear rules, dollar-backed payment stablecoin, which will unleash a new competitive round in how payments are done when they’re used in a blockchain application,” said Hill in a Wednesday interview with CNBC.

Hill indicated that House Speaker Mike Johnson is currently coordinating how these measures will be presented for House consideration.

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