The U.S. Senate is poised for a critical vote on the GENIUS Act, a key piece of legislation aimed at regulating stablecoins. This landmark decision represents a significant step forward in establishing clear digital currency guidelines, impacting financial markets and innovation globally. Senator Hagerty and Gillibrand are leading the bipartisan charge for the bill’s passage. Under the proposed framework, stablecoin issuers would face strict compliance requirements under federal oversight, with larger players subject to licensing and enhanced regulations. Smaller entities will face state-level rules instead. Senator Gillibrand said that it’s essential to enact these measures, citing their importance for economic stability and consumer protection. The potential market impact of the vote is significant. This legislation builds upon previous attempts at regulating stablecoins, demonstrating continued bipartisan effort in the U.S. A notable detail is the strong price performance of Bitcoin (BTC) as reflected by CoinMarketCap’s data. Bitcoin’s current price at $103,033.41 on May 17th, 2025, highlights its dominant market share with a capitalization exceeding $2 trillion, and Coincu research suggests that the GENIUS Act could redefine stablecoin landscapes, introducing stricter compliance measures likely to benefit larger institutions while posing challenges for smaller entities. Increased anti-money laundering measures may contribute to increased market stability.