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Pappas Statement on Passage of Cryptocurrency Legislation

July 17, 2025

Today, Congressman Chris Pappas (NH-01) released the following statement after voting in support of H.R. 3633, the Digital Asset Market Clarity Act, and S.1582, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act:

“In order for New Hampshire and the United States to remain innovation leaders, we must embrace emerging technologies and establish baseline rules and guardrails for cryptocurrency. The legislation considered today is necessary to begin to provide common-sense safeguards, establish consumer protections, and allow entrepreneurs and small businesses to spur economic growth.”

“Today’s action is just the start of this process. I remain committed to working with regulators, industry stakeholders, and my constituents to ensure that new policies are written in a way that drives innovation, protects consumers, and prevents bad actors and U.S. adversaries from abusing this technology. I am deeply concerned by President Trump’s disregard for existing ethics standards and laws, and I urge Congress to strengthen anti-corruption rules and enforcement that prevent public officials from violating the public trust.”