Congresswoman Budzinski Statement on Vote to Regulate Digital Assets and Protect Consumers

Today, Congresswoman Nikki Budzinski (IL-13) issued the following statement after voting to pass the CLARITY Act, H.R. 3633, and the GENIUS Act, S. 1582.

"As a Member of the House Agriculture Committee's Subcommittee on Digital Assets, I'm proud to have had a seat at the table for the negotiations that culminated in legislation to create a digital asset market structure, otherwise known as the CLARITY Act.

"Through my position on the Committee, I was successful in advocating for the inclusion of robust consumer protections - critical safeguards that will shield hardworking Americans against manipulation and abuse in the crypto market. Without these measures, the space would remain a dangerous 'wild west,' exposing people to serious risk and leaving them without recourse in the face of market failures like the collapse of FTX. In Congress, my duty is clear: to ensure the financial system works for consumers, not against them. This is why I believe a delay in passage would only mean bigger harm to those in the 13th District.

"I recognize this bill isn't perfect. I pushed diligently to see it include stricter oversight measures against President Trump's involvement in the crypto arena. The release of a Trump coin is a clear, self-serving conflict of interest that should alarm every single Member of Congress, both Republican and Democrat. That's why I am a proud cosponsor of the MEME Act, to ban a President or Member of Congress from issuing a meme coin. I will continue fighting to see this legislation reach the House floor and call on the Senate to include it in the final version of the bill.

"This bill marks a decisive and essential step forward in protecting American consumers. Every day of inaction would have left families more exposed to unfair, deceptive, and predatory practices. By creating a clear and accountable market framework, we're not just tightening oversight - we're defending the financial well-being of millions. This legislation lays a strong foundation for long-term consumer protection and a more secure financial future for all Americans."