Senate to Vote on Stablecoin Regulation Bill in June

The U.S. Senate has scheduled a vote on the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) for June 17th, with further details to be determined by the Majority Leader and Democratic Leader. The bill seeks to establish a comprehensive framework for the issuance and oversight of U.S.-dollar backed stablecoins.