KEY POINTS
- Lummis said the GENIUS Act will help make the 'US dollar fit for the digital age'
- Lightspark Co-founder Jai Massari highlighted the use cases of stablecoins
- Sen. Hagerty said the US should be a 'leader in payments stablecoins'
- Crypto users are far from pleased that stablecoins were the focal point of discussions
Cryptocurrency users on X are less than pleased after tuning in to Wednesday's Senate Banking Committee hearing led by Digital Assets Subcommittee Chair Sen. Cynthia Lummis, R-Wyo., after stablecoins took center stage over other crypto segments in the discussions.
