• Senator Cynthia Lummis champions digital assets, especially stablecoins, for modernizing US payment infrastructure.
• The GENIUS Act for stablecoin regulation advances in U.S. Senate, aiming for clarity and innovation.
• Wyoming, Lummis’s state, is launching its own stablecoin (WYST) by July, partnering with LayerZero.

Senator Cynthia Lummis of Wyoming has placed the outdated US payment infrastructure in the spotlight, framing the rise of digital assets as a national priority. According to Lummis, current financial rails–many built in the 1970s and 1980s–have become inefficient and expensive, especially for small businesses and international transactions. 

She has argued that digital assets, particularly stablecoins, offer a faster, cheaper, and more accessible alternative, capable of operating 24/7 and completing transactions in seconds. Lummis’ position has gained renewed momentum with the Senate’s advancement of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. 

The post Senator Lummis: Time To Ditch Outdated US Payment Infrastructure For Stablecoins appeared first on Coin Edition.

• Senator Cynthia Lummis champions digital assets, especially stablecoins, for modernizing US payment infrastructure.
• The GENIUS Act for stablecoin regulation advances in U.S. Senate, aiming for clarity and innovation.
• Wyoming, Lummis’s state, is launching its own stablecoin (WYST) by July, partnering with LayerZero.

Senator Cynthia Lummis of Wyoming has placed the outdated US payment infrastructure in the spotlight, framing the rise of digital assets as a national priority. According to Lummis, current financial rails–many built in the 1970s and 1980s–have become inefficient and expensive, especially for small businesses and international transactions. 

She has argued that digital assets, particularly stablecoins, offer a faster, cheaper, and more accessible alternative, capable of operating 24/7 and completing transactions in seconds. Lummis’ position has gained renewed momentum with the Senate’s advancement of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. 

The post Senator Lummis: Time To Ditch Outdated US Payment Infrastructure For Stablecoins appeared first on Coin Edition.