US Senate to Vote on Stablecoin Regulation on June 17

The US Senate will hold a crucial vote on June 17th regarding the GENIUS Act, legislation aimed at regulating stablecoins. This move signifies significant progress in integrating digital assets into existing financial frameworks while addressing potential risks. The bill, expected to establish rules for stablecoin issuers and potentially impacting their reserves, licensing, consumer protection, and interoperability, could pave the way for broader regulatory approaches.