This week, U.S. Senators Roger Marshall (R-KS) and Dick Durbin (D-IL) introduced the Credit Card Competition Act (CCCA) as an amendment to the GENIUS Act, a bill focused on creating a federal regulatory framework for stablecoins, a type of cryptocurrency.
The CCCA aims to promote more competition in the credit card market, a move supporters believe will help lower transaction fees for businesses and consumers. The amendment is now under Senate consideration as part of broader discussions around financial innovation and regulation.
With a vote expected before the Senate recess at the end of the week, the Food Industry Association (FMI) and the Merchants Payments Coalition are encouraging widespread grassroots advocacy in support of the amendment. Business owners and individuals are being urged to contact their Senators, share messages of support, and spread awareness within their networks.
To take action or find your Senator’s contact information, visit: https://www.senate.gov/senators/index.htm.
