U.S. Senate Set to Vote on Stablecoin Regulation, June 17th

The U.S. Senate is set to vote on the GENIUS Act, a critical step in regulating stablecoins and potentially impacting market stability and investor confidence. This final vote is scheduled for June 17, with Senator Hagerty and Majority Leader John Thune playing key roles in negotiating the act. While the impact of the legislation remains unclear, some view it as a necessary measure to enhance clarity and investor protection, while others express concerns about potential overregulation. }