I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America. Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades. The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.

This Labor Day, we celebrate the American worker and the policies that are putting their families first. Under @POTUS, real wages are outpacing inflation and low-income workers have experienced faster wage growth than higher earners. Additionally, more than 900,000 private-sector jobs have been created, and working families have claimed $82 billion in tax relief through the Working Families Tax Cuts. The radical left wants to repeal these tax cuts. America's workers deserve to keep more of what they earn, not pay more in taxes.