US Senate to Vote on Stablecoin Regulations, Paving the Way for Nationwide Framework

The US Senate is poised to take a major step towards regulating stablecoins, voting on the groundbreaking GENIUS Act on June 11th. This landmark legislation aims to establish comprehensive federal oversight over dollar-pegged cryptocurrencies. Spearheaded by Majority Leader John Thune, the bill prioritizes timely action to address lingering regulatory concerns and will likely pass before July.