WASHINGTON, D.C (July 16, 2025) |
The Defense Credit Union Council (DCUC) proudly supports Congressional efforts to establish a clear and modern framework for digital assets and innovation within the U.S. financial system.
With recent votes on key legislation – including the GENIUS Act, H.R. 1919 – Anti-CBDC Surveillance State Act, and H.R. 3633 – Digital Asset Market Clarity Act of 2025 – Congress is taking critical steps to ensure the digital economy is structured, secure, and positioned for long-term success.
These measures aim to provide regulatory clarity, protect consumer privacy, and support responsible innovation in emerging financial technologies – while promoting U.S. leadership in the global digital asset space.
“DCUC commends Congress for its forward-looking leadership in structuring a safe and fair digital asset ecosystem,” said Anthony Hernandez, DCUC President/CEO. “By advancing the GENIUS Act and key digital-asset framework, lawmakers are prioritizing both innovation and security, ensuring credit unions and financial institutions can operate with confidence and clarity in a rapidly evolving digital landscape. This is an essential step in strengthening the U.S. economy and protecting consumers — including our military and veteran communities.”
The legislation includes:
- The GENIUS Act, which promotes innovation and U.S. competitiveness in emerging financial technologies
- H.R. 1919, which ensures privacy safeguards related to any potential Central Bank Digital Currency (CBDC)
- H.R. 3633, which provides long-needed regulatory clarity for digital asset markets and participants
“DCUC has long advocated for parity in regulation, consumer protection, and innovation opportunities for credit unions as they serve millions of Americans – particularly within defense and military communities,” adds Jason Stverak, DCUC Chief Advocacy Officer. “A clear digital asset framework will allow member-owned institutions to offer secure, competitive services while safeguarding members’ financial health.”
Stay up to speed with DCUC’s advocacy and representation at dcuc.org/news.