Garlinghouse pointed to the rapid integration of stablecoins in global markets, stating that practical use cases fuel their widespread acceptance. He noted that delays in passing clear rules could hinder the country’s ability to benefit from the technology’s full potential.
The comment follows the US Senate’s failure to move forward with the GENIUS Act, a proposed bill that would introduce a federal approach to stablecoin regulation.
“This bill represents a once-in-a-generation opportunity to expand dollar dominance and U.S. influence in financial innovation.
Without it, stablecoins will be subject to a patchwork of state regulations instead of a streamlined federal framework that is more conducive to growth and competitiveness.”
Garlinghouse’s call to action comes when stablecoin usage is reaching historic levels.
According to data from a16z crypto, stablecoin transaction volumes reached a record high of $1.82 trillion in March 2025, highlighting their growing role in the digital economy.
