A crucial vote on a landmark cryptocurrency bill, known as the GENIUS Act, is set to take place in the US Senate this week. The bipartisan legislation could be finalized if agreements are reached between Republicans and Democrats, but may face delays if no consensus is found. The bill includes key regulations for stablecoins and outlines changes related to government officials’ disclosures, prohibiting Chinese companies from owning stablecoin issuers, and overhauls to anti-money laundering rules. Senator Elizabeth Warren is also expected to propose further modifications. While the Senate gears up to vote on one of former President Trump’s nominees, attention will be closely focused on the negotiations surrounding the GENIUS Act, which could significantly impact the future of cryptocurrency regulations in the US.