Senate Set to Vote on GENIUS Act with Key Amendments

The U.S. Senate is poised for a decisive vote on the GENIUS Act, scheduled for May 19th, following Majority Leader John Thune’s filing to end debate and a series of bipartisan amendments. These additions include restrictions on the use of FDIC insurance and enhanced bankruptcy provisions aimed at securing support from both parties. The outcome of this vote will shape the future regulatory landscape for digital assets in the U.S., as it directly impacts the country’s approach to this sector.