U.S. Senate Advances GENIUS Act, Taking Aim at Stablecoin Regulation

The U.S. Senate has taken a significant step forward in regulating stablecoins with the passage of the GENIUS Act. This groundbreaking legislation secured a pivotal vote on May 20, 2025, in Washington D.C., marking a critical milestone for establishing clear regulatory standards within the United States. The act’s progress signifies a crucial shift in shaping the future of stablecoin operations in America and is expected to influence institutional participation and subsequent legislative efforts in the digital currency space.