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Reed Seeks to Close Alarming Loophole in GENIUS Act
February 27, 2026
WASHINGTON, Feb. 27 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:

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Reed Seeks to Close Alarming Loophole in GENIUS Act

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WASHINGTON, DC - Last year, Congress passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act to place the government's stamp of approval on "stablecoins," digital assets designed to maintain a stable value of $1. For every stablecoin in circulation, . . .

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