U.S. Senate Advances GENIUS Act: What This Means for Stablecoin Regulation

The U.S. Senate voted overwhelmingly to advance the GENIUS Act, with a 68-30 vote on June 11th. This pivotal step brings stablecoin regulation closer to reality as the Act now limits debate and sets the stage for the final vote before heading to the House of Representatives. The final vote is anticipated to take place in the coming days, potentially early next week. The GENIUS Act marks a significant milestone in U.S. history regarding stablecoins.