Senate Set to Vote on GENIUS Act Before Memorial Day, Aiming for Stablecoin Regulatory Clarity

Before Memorial Day, the U.S. Senate will vote on the GENIUS stablecoin bill, introduced by Senator Bill Hagerty. This legislation is designed to provide much-needed clarity regarding regulatory frameworks for stablecoins and their associated digital assets. The bill’s passage could have a significant impact on both financial markets and the wider crypto ecosystem. Market observers anticipate increased activity from institutional investors as they seek to navigate the new compliance landscape, potentially leading to a surge in demand for regulated stablecoins like USDC and USDT.