Crypto Lobby Seeks Pre-Debate Stablecoin Bill Approval Amid Market Surge

The crypto industry is advocating for the swift passage of the GENIUS Act in the Senate, a bill designed to provide regulatory clarity for stablecoins and potentially unlock billions in market expansion. With over $245.5 billion in U.S.-backed stablecoins currently circulating, the need for this clear framework has been amplified. The Act, endorsed by former President Trump, addresses concerns around stablecoin regulation that have long been a point of contention within the industry.