Retailers Urge Senate to Support Bipartisan GENIUS Act
- By [ Austen Jensen ]
- Washington, DC
- 05/19/2025
Washington, D.C. — The Retail Industry Leaders Association (RILA) issued the following statement encouraging Senators to support the bipartisan stablecoin legislation.
“The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is the type of policy proposal that could lead to frictionless payments and help millions of Americans gain greater access to the financial system,” said Austen Jensen, RILA’s executive vice president of government affairs. “The GENIUS Act lays out the proper guardrails for more innovation and competition in the payments arena. RILA encourages Senators to support this bipartisan legislation.”
“The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is the type of policy proposal that could lead to frictionless payments and help millions of Americans gain greater access to the financial system,” said Austen Jensen, RILA’s executive vice president of government affairs. “The GENIUS Act lays out the proper guardrails for more innovation and competition in the payments arena. RILA encourages Senators to support this bipartisan legislation.”
###
Media Contact: Ginger Gibson
202-539-1585
RILA is the U.S. trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.
RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.
202-539-1585
RILA is the U.S. trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.
RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.
Tags
-
Public Policy
