US Senate Passes GENIUS Act, Setting Stage for Stablecoin Regulation

The US Senate has taken a major step forward in regulating stablecoins, passing the bipartisan GENIUS Act with a 66-32 vote on May 29th, 2025. This landmark legislation sets the stage for significant changes to the cryptocurrency landscape. The act aims to impose new regulations on these digital assets, potentially impacting both existing and emerging players within the market. Experts anticipate shifts in market liquidity and competition as a result of this regulation.