A16Z statement on GENIUS Act. 🪙🇺🇸
Lawmakers worked through the night and made significant progress on getting GENIUS done in a bipartisan way. We’re optimistic that they will work quickly to get to the finish line. Maintaining the status quo only hurts the American public. It leaves a growing sector of our digital economy in a regulatory gray area—depriving consumers of the protections they deserve, enabling bad actors, and holding back responsible innovation.
We urge the Senate to pass the GENIUS Act quickly and focus on finalizing work on a long-term market structure bill. Clear rules will protect consumers, support responsible innovation, and ensure the U.S. remains the global leader in blockchain technology.
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