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EXCLUSIVE — Gillibrand's calling for hearings & Senate vote on Lummis-Gillibrand stablecoin act
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EXCLUSIVE — Gillibrand's calling for hearings & Senate vote on Lummis-Gillibrand stablecoin act

Ep. 25 — Sen. Kirsten Gillibrand (6-18-2024)

Who?

Sen. Kirsten Gillibrand — Agriculture Committee 

LISTEN: Laslo & Gillibrand 

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-3:07

Ask a Pol asks:

Any update on your crypto measure?

Key Gillibrand: 

“The calendar’s shrinking. My ambition is to work with Sen. [Ron] Wyden (D-OR) and the Finance Committee to hold a hearing on market structure or markup my bill, with Sen. [Cynthia] Lummis (R-WY), on market structure,” Sen. Kirsten Gillibrand exclusively tells Ask a Pol. “If we could do that, then we can match what the House has done in terms of [Rep. Patrick] McHenry’s (R-NC) market structure bill.” 

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“…only bill that has a chance…in the Senate…”

“I think that's the only bill that has a chance of possibly getting a vote on in the Senate right now to match the House. I also believe that Sen. [Debbie] Stabenow (D-MI) will pursue for her bill to provide oversight for the commodities — for digital commodities — but that's just half of the market. And that's why the market structure bill’s so important, because it outlines where Sen. Stabenow’s bill would fit in,” Gillibrand says. “There was a lot of misunderstanding last time, because they didn't understand that Sen. Stabenow’s bill was just one piece.” 

Caught our ear:

“Most senators don't have much knowledge about digital assets, and so I'm hoping to have a hearing or two so we could change that,” Gillibrand tells Ask a Pol.

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Below find a rough transcript of Ask a Pol’s exclusive interview with Sen. Kirsten Gillibrand (D-NY), slightly edited for clarity.

TRANSCRIPT: Sen. Kirsten Gillibrand

SCENE: Ask a Pol’s Matt Laslo is on the 3rd floor of the Capitol running to grab his bag before rushing to an off-campus meeting. On his way to the Senate Radio-TV Gallery tucked up in a 4th floor attic — many senators have their hideaway offices tucked on the other side of the media gallery — he bumps into Gillibrand and an aide. 

Laslo stops. Chats. Then proceeds to ride the Senators Only elevator down with Gillibrand. 

Matt Laslo: “What are you up by my office for, ma’am?”

Kristen Gillibrand: “Hey.” 

ML: “Were you in there for Bill Nelson last week when he addressed the caucus?” 

KG: “I wasn’t there.”

ML: “No?”

KG: “How was it? What was it on?” 

ML: “I don't know. Space.”  

KG: “He’s probably talking about NASA.”

ML: “I wonder if he — yeah, I bet it was on NASA, but I don’t know what he discussed.” 

Gillibrand and her aide are entering the elevator and Laslo slides in and plays doorman. 

Elevator Announcer: “3rd floor. Going down.”

ML: “Any update on your crypto measure?” 

KG: “So, off the record.”

ML: “Yeah?” 

Gillibrand goes off the record for a smidge over :30 seconds, which is why our podcast audio cuts out for same amount of time.

ML: “Can I ask you on the record…”

KG: “Yeah, yeah. Go ahead.” 

ML: “...is this getting more difficult now cause the calendar’s shrinking?”

KG: “The calendar’s shrinking. My ambition is to work with Sen. Wyden and the Finance Committee to hold a hearing on market structure or markup my bill, with Sen. Lummis, on market structure.” 

ML: “Yeah?’ 

KG: “If we could do that, then we can match what the House has done in terms of the [Rep. Patrick] McHenry’s market structure bill.”

ML: “Yeah?”

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KG: “I think that's the only bill that has a chance of possibly getting a vote on in the Senate right now to match the House. I also believe that Sen. [Debbie] Stabenow will pursue for her bill to provide oversight for the commodities — for digital commodities — but that's just half of the market. And that's why the market structure bill’s so important, because it outlines where Sen. Stabenow’s bill would fit in.” 

ML: “Yeah?” 

KG: “There was a lot of misunderstanding last time, because they didn't understand that Sen. Stabenow’s bill was just one piece.” 

ML: “Has the Senate learned yet? It seems like everyone's kind of behind on this issue.” 

KG: “Yeah, most senators don't have much knowledge about digital assets, and so I'm hoping to have a hearing or two so we could change that.” 

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Matt Laslo’s a veteran congressional correspondent, new media prof. & founder of Ask a Pol — a new, people-powered press corps.

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