U.S. Senate Set to Vote on Stablecoin Legislation: GENIUS Act Heads to House for Further Action

The U.S. Senate prepares for a pivotal vote on the GENIUS Act, a bill poised to reshape stablecoin regulation in America. Scheduled for June 17th, this key decision could mark a turning point for crypto regulation in the country. The U.S. Treasury Secretary anticipates stablecoins market cap exceeding $2 trillion within the next few years. The full name of the bill is the Guiding and Establishing National Innovation for U.S. Stablecoins Act.