U.S. Senator Pete Ricketts (R-NE) has expressed his satisfaction following the signing of the GENIUS Act into law by President Trump. The legislation is seen as a significant development for stablecoins, with Ricketts highlighting its dual focus on consumer protection and fostering innovation.
“The GENIUS Act is revolutionary for stablecoins. It protects consumers while promoting innovation and opportunity,” said Ricketts. “It prioritizes national security and advances the U.S. dollar. Nebraska’s a major innovator in the stablecoin space and my amendment will give priority to states like ours when becoming certified.”
Ricketts also mentioned his eagerness to collaborate with other lawmakers on future digital asset market structure legislation, specifically naming Chairman Tim Scott, Senator Cynthia Lummis, and Senator Bill Hagerty.
In his previous role as Governor of Nebraska, Ricketts signed the state’s Financial Innovation Act into law, positioning Nebraska as a leader in digital asset regulation.
