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

The GENIUS Act, a proposed legislation aiming to regulate stablecoins, has advanced in the Senate despite facing opposition. While some concerns have been addressed through negotiations, significant issues remain unresolved. This bill falls short in addressing potential loopholes for bad actors, safeguarding consumer protections, and tackling conflicts of interest surrounding the Trump family's crypto ventures. Its current form risks enabling exploitation and harm to the public interest. As representatives, your responsibility lies in upholding the well-being of your constituents. I urge you to carefully scrutinize the GENIUS Act and reject its passage unless substantial revisions are made to address these critical shortcomings effectively. Prioritizing people over profits should guide your decision on this consequential matter.