US Senate Accelerates Stablecoin Regulation: GENIUS Act Faces Faster Vote

The U.S. Senate is moving swiftly to address the regulatory landscape for stablecoins, with a focus on clarity and innovation. Senate Majority Leader John Thune has accelerated procedures for voting on a critical bill known as the GENIUS Act. This legislation aims to create a federal framework for stablecoins, which are cryptocurrencies pegged to assets like the US dollar and play a key role in digital asset markets.