Senate Vote Approaching: GENIUS Act Could Revolutionize US Stablecoin Landscape

A pivotal vote in the U.S. Senate is expected to shape the future of stablecoins, as the GENIUS Act nears a decision date of June 9th. This landmark legislation has garnered bipartisan support, signaling a potential turning point for the regulatory framework surrounding these digital assets. The bill aims to establish clear rules and oversight for US-based stablecoins, impacting both existing market dynamics and emerging protocols.