Pressure mounts on the U.S. Senate to act swiftly on stablecoin regulation as market projections indicate explosive growth in the coming years. Lawmakers are called upon to debate the GENIUS Act, which aims to establish a nationwide regulatory framework for stablecoin issuers. While support for the bill remains strong within the industry, notably from Coinbase CEO Brian Armstrong, the House is also gaining momentum with the FIT21 proposal. The GENIUS Act introduces federal licensing and reserve requirements for large-scale stablecoin companies while offering smaller firms autonomy under individual state oversight. This legislation mandates federal monitoring of substantial companies to conduct rigorous reviews of major financial institutions, establishing a framework for consumer protection through clear reserves backing these coins.