Feenstra Supports Three Bills to Bolster American Leadership in Digital Assets, Ban Central Bank Digital Currency in United States

WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for three pieces of legislation to bolster American leadership in the digital asset marketplace and to ban the creation of a central bank digital currency in the United States.

“The increasing adoption of digital assets and the use of blockchain technologies can grow our economy and provide American families with a new opportunity to grow wealth. However, under President Biden, digital assets were attacked, which crushed innovation and created uncertainty for businesses. We want digital asset innovation to happen in America and crypto jobs to be created in America – without ceding ground to foreign countries,” said Rep. Feenstra. “That’s why I voted for three bills to cement American leadership in the digital asset marketplace and to ban the creation of a central bank digital currency in the United States. Under President Trump, we are protecting Americans’ financial security, investing in our economy, and making America the crypto capital of the world.”

The Digital Asset Market Clarity (CLARITY) Act establishes clear roles for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), provides consumer protections through greater transparency and accountability in the marketplace, and helps digital asset firms operate legally and with confidence in the United States.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act provides clear rules of the road for the issuance of payment stablecoins, which are pegged to a stable currency like the U.S. dollar.

The Anti-CBDC Surveillance State Act would ban the creation of a central bank digital currency in the United States.

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