Senate Set to Vote on GENIUS Stablecoin Act: Implications for Market Landscape

The US Senate will hold a final vote on the GENIUS Stablecoin Act on June 17, aiming to regulate stablecoin issuance in the United States. With bipartisan support (68-30), this legislation seeks to set regulatory thresholds for issuers based on market cap, potentially impacting smaller stablecoin platforms. The impact is expected to be felt across DeFi ecosystems and may even reshape the U.S. stablecoin market landscape.