“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.
JUST IN: 🇺🇸 Rep. French Hill says there is “strong bipartisan support” for the crypto market structure bill. pic.twitter.com/OJHDs8xlvj
— Crypto Briefing (@Crypto_Briefing) July 16, 2025
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