Senator Thune Moves Forward With GENIUS Act Vote for US Stablecoin Regulation

The GENIUS Act, a key piece of legislation aimed at regulating stablecoins in the United States, is set to progress toward a vote in May 2025. Senator John Thune’s initiative has been fueled by bipartisan support from fellow Senators Bill Hagerty, Cynthia Lummis, Gillibrand, and Alsobrooks. The act aims to establish a regulatory framework for stablecoins, paving the way for their integration into the US financial system.