The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act recently passed the U.S. Senate; a legislative milestone driven by free markets to strengthen the nation’s payments system through ongoing innovation and introduce even more competition.
Yet this progress was nearly derailed, once again, by Sen. Roger Marshall (R-Kan.), who attempted to attach his controversial credit card mandates to the GENIUS Act. This marked his third attempt to bypass regular order and force through his credit card government mandates by piggybacking on unrelated legislation, having previously tried - and failed - with both a defense authorization bill and an appropriations package.
