Why Wall Street and Washington are excited about the GENIUS Act stablecoin bill

As Congress moves to pass the GENIUS Act stablecoin legislation, lawmakers and top executives discuss on CNBC what the bill means for the industry. Sen. Bill Hagerty (R-Tenn.) shares how the bill adds protections for users. Tether’s Paolo Ardoino and Haun Ventures’ Katie Haun break down the rise in stablecoin demand. Coinbase’s Faryar Shirzad and Mizuho’s Dan Dolev compare stablecoins to products already on the market. Ryan McInerney, Visa CEO, breaks down how the company will remain relevant and Robinhood CEO Vlad Tenev shares why he thinks the U.S. needs to compete in digital payment innovation.