Senate to Vote on GENIUS Act: What it Means for Stablecoin Regulation

The U.S. Senate is set to vote on the GENIUS Act, legislation aiming to regulate stablecoins and potentially reshape the financial landscape for these digital assets. Senator John Thune’s bill proposes state-level regulation for smaller stablecoin issuers and federal oversight for larger ones, impacting major players like USDT and USDC. While Thune has yet to publicly comment on the legislation, its passage would have significant implications for on-chain liquidity and market behavior within the stablecoin space. ]