GENIUS Act Clears Key Vote, Setting Stage for Stablecoin Revolution

The U.S. Senate just took a significant step towards regulating stablecoins with the passage of the GENIUS Act on May 19th. This bill now stands poised to receive full Senate approval as early as May 20th, potentially paving the way for a seismic shift in the cryptocurrency landscape. This legislation could propel the crypto market into overdrive, propelling major players like XRP and Bitcoin while shaking out weaker contenders.