Ricketts Votes to Advance Landmark Stablecoin Legislation

WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE), a member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement after voting to advance the GENIUS Act — stablecoin legislation — out of committee:

“The GENIUS Act is landmark legislation. It is a one-of-a-kind bill that will advance the standing of the U.S. dollar. It will protect consumers while promoting innovation and opportunity. And it will protect our national security interests from foreign adversaries,” said Ricketts. “Furthermore, this bill is the product of bipartisan cooperation. America must lead on this issue, and I’m glad both Republicans and Democrats voted to advance this bill out of committee.”

As Governor of Nebraska, Senator Ricketts signed Nebraska’s Financial Innovation Act into law, making Nebraska the second state in the country to establish a state-level regulatory system for digital assets.