Scott Fitzgerald

07/17/2025 | Press release | Distributed by Public on 07/17/2025 15:44

Rep. Fitzgerald Statement on the Passage of Bills during ‘Crypto Week’

Rep. Fitzgerald Statement on the Passage of Bills during 'Crypto Week'

July 17, 2025
Press Release

WASHINGTON, DC - Congressman Scott Fitzgerald (WI-05), member of the House Financial Services Committee, issued the following statements in response to the passage of three digital asset-related pieces of legislation: the Digital Asset Market Clarity Act of 2025 (CLARITY), Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act, andAnti-CBDC Surveillance State Act.

On the CLARITY Act:
"For too long, our entrepreneurs and investors have faced uncertainty from federal regulators involving digital assets," said Congressman Fitzgerald. "The CLARITY Act bill finally sets the ground rules, reins in regulatory overreach, and empowers the next generation of digital market builders to thrive here in the United States, not overseas."

On the GENIUS Act:
"Stablecoins present a major opportunity to modernize payments. The GENIUS Act strikes the right balance by fostering innovation while putting clear guardrails in place," said Congressman Fitzgerald. "It's a serious, thoughtful approach to payments innovation-without handing the keys to Washington bureaucrats."

On the Anti-CBDC Surveillance State Act:
"A government-controlled digital dollar is a direct threat to privacy, financial freedom, and the American way of life," said Congressman Fitzgerald."That's why I'm a proud cosponsor of the Anti-CBDC Surveillance State Act, which ensures that no federal agency can use a Central Bank Digital Currency to monitor or control how law-abiding Americans spend their money."

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