1. United States
2. Ky.
3. Letter

Recent reports raise concerns about potential conflicts of interest surrounding the GENIUS Act and stablecoin regulation. To uphold public trust and integrity, it is imperative to implement clear ethical guidelines prohibiting elected officials and their families from owning or benefiting from stablecoin ventures. Additionally, robust transparency measures and consumer protections are essential to safeguard against abuses in this rapidly evolving market. Legislation in this arena must prioritize the public interest over personal gain to maintain confidence in our financial systems.