Senate Set to Vote on Stablecoin Bill Before Memorial Day – Who Wins and Loses?

The Senate is gearing up for a crucial vote on stablecoin legislation before Memorial Day, aiming to establish new regulatory frameworks. Senator John Thune confirmed the Senate’s intent to address stablecoins before the May 26 recess. The GENIUS Act, focusing on limiting stablecoin issuance, remains the central proposal under consideration. Experts believe this bill will influence how stablecoins function in the US.