Gallego Statement on GENIUS Act Cloture Vote

WASHINGTON – Today, Senator Ruben Gallego (D-AZ), Ranking Member of the Digital Assets Subcommittee, issued the following statement on his vote against cloture for the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act:
“Over the past few days, we engaged in meaningful, bipartisan discussions to get the GENIUS Act to a place that could be supported by Democrats and Republicans, alike. However, legislation of this scope and importance cannot be rushed.
“I went to the floor and asked for more time to negotiate, without delaying the bill’s timeline for final passage. Republicans refused. Without more time to at least finish the bill text, there was no true bipartisan path forward.
“I will always be willing to continue to work on bipartisan stablecoin legislation. America must lead in this space and consumers deserve to be protected.”
5/8/25