The U.S. Senate is gearing up for a crucial debate on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a proposed framework aimed at regulating cryptocurrencies known as stablecoins. Crypto lobbying groups are urging swift action, fearing that amendments concerning credit card fees could impede progress. The act passed a procedural vote in May and is anticipated to secure sufficient support this week before moving to the House of Representatives. Organizations such as the Blockchain Association, Crypto Council for Innovation, Digital Chamber, and DeFi Education Fund have issued a joint statement, stressing their focus on establishing a comprehensive regulatory framework for stablecoins and urging lawmakers to maintain momentum towards passage.