1. United States
2. Colo.
3. Letter

I’m writing to express my strong opposition to the inclusion of the Credit Card Competition Act (CCCA) as an amendment to the GENIUS Act—or any other unrelated legislation. The GENIUS Act represents a carefully negotiated, bipartisan effort to create regulatory clarity for digital assets and stablecoins. This is an important and timely initiative. Attaching the CCCA threatens to derail this progress and inject needless controversy into what should be a focused financial policy debate. The CCCA may be well-intentioned, but its real-world consequences are serious: • It unfairly harms small banks and credit unions, which rely on interchange fees to provide services in rural and underserved areas. • It shifts costs to consumers, potentially leading to fewer credit card rewards, reduced fraud protections, and more fees—just as we’ve seen with previous Durbin Amendment fallout. • It introduces complex regulatory requirements with little evidence that they would result in meaningful savings for consumers. Worse still, attaching this provision to unrelated crypto legislation is a cynical legislative tactic. It bypasses proper debate and stakeholder engagement, and it risks sinking the entire GENIUS Act—along with years of bipartisan work. I urge you to oppose the CCCA in its current form, and especially to reject it as an amendment to unrelated bills. The Senate should debate swipe fee reform separately, on its own merits—not as a poison pill. Thank you for your attention to this matter.