Ricketts Celebrates GENIUS Act Being Signed into Law

WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE) released the following statement after President Trump signed the GENIUS Act into law.

“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. I am very happy that President Trump has signed this legislation into law. I look forward to working with Chairman Tim Scott, Senator Cynthia Lummis, and Senator Bill Hagerty on a digital asset market structure bill next.”

As Governor of Nebraska, Senator Ricketts signed Nebraska’s Financial Innovation Act into law, making Nebraska the second state in the country to establish a state-level regulatory system for digital assets.

Full text of the legislation can be found here.