1. United States
2. N.J.
3. Letter

Dear Senators Booker and Kim, I’m writing as a concerned constituent to urge you to vote NO on the GENIUS Act. While I understand the desire to regulate stablecoins and foster innovation, this legislation raises serious red flags that should not be overlooked. 1. Conflicts of Interest: The timing and structure of this bill raise major ethical concerns. Reports suggest that former President Trump and his family are tied to a company issuing USD1, a stablecoin that could benefit directly from the regulatory framework this act would establish. We cannot allow legislation to advance that may personally enrich political figures—especially without robust ethics safeguards in place. 2. Big Tech Involvement: The GENIUS Act opens the door for massive tech corporations like Meta to launch their own stablecoins. This poses antitrust risks, raises privacy concerns, and threatens to concentrate financial power in the hands of companies with questionable records on data protection and accountability. We’ve seen the consequences of unregulated tech expansion—let’s not repeat that mistake in the financial sector. 3. Regulatory Gaps: While the Act attempts to address stablecoins, it leaves broader crypto regulation fragmented and incomplete. Without a comprehensive framework for digital assets, we risk creating loopholes and inconsistencies that bad actors can exploit—leaving everyday investors and consumers vulnerable. The crypto industry moves fast, and we need regulation—but it must be transparent, comprehensive, and free from undue influence. The GENIUS Act, as it stands, fails to meet that bar. Thank you for your service and consideration While I understand the intentions behind the legislation, I believe it introduces divisive provisions at a time when Democrats must stand united. We are at a critical moment for our party and our country, and we cannot afford legislation that risks undermining the progress we’ve fought so hard to achieve—especially without clear, broad-based support from the communities it claims to help.