Senator Pete Ricketts, US Senator for Nebraska | Sen. Pete Ricketts Official U.S. Senate headshot
Senator Pete Ricketts, US Senator for Nebraska | Sen. Pete Ricketts Official U.S. Senate headshot
U.S. Senator Pete Ricketts (R-NE) announced the Senate's passage of the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act. The legislation aims to set regulatory standards for the use of stablecoins, a type of digital asset designed to maintain a stable value.
Senator Ricketts contributed an amendment to the bill that creates an expedited certification process for states with existing stablecoin regulatory frameworks, such as Nebraska. As governor, Ricketts previously signed the Nebraska Financial Innovation Act, which made Nebraska one of the first states to permit digital asset depositories.
“The GENIUS Act 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.”
The GENIUS Act was introduced by Senator Bill Hagerty (R-TN). Other co-sponsors include Senators Angela Alsobrooks (D-MD), Kirsten Gillibrand (D-NY), Cynthia Lummis (R-WY), and Tim Scott (R-SC).
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