Bipartisan Senators Call on Treasury to Support State Regulation of Stablecoins
A coalition of bipartisan senators is urging the Treasury Department to uphold the regulatory authority of states over stablecoins as specified in the GENIUS Act.
Editorial Staff
1 min read
Updated about 22 hours ago
On June 16, 2026, a group of bipartisan senators, led by Cynthia Lummis, advocated for the Treasury Department to recognize state regulatory powers concerning stablecoins.
The GENIUS Act aims to clarify the role of states in the oversight of stablecoins, emphasizing the need for local governance in financial regulation.
This bipartisan effort underscores the importance of allowing states to participate in the regulatory process, ensuring that local authorities have a say in how stablecoins are managed.