A crucial vote in the US Senate is expected on June 17th regarding stablecoin regulations, potentially shaping market stability and institutional confidence in cryptocurrencies. The GENIUS Act, focusing on dollar-backed stability and increased regulatory oversight for stablecoin issuers like Circle and Tether, has gained bipartisan support. While Senator Josh Hawley voices concerns about potential tech biases, the bill’s passage could unlock previously inaccessible capital, especially for institutions seeking to enter the market. The vote comes after years of stalled attempts at stablecoin regulation, making this a significant turning point. Analysts predict increased institutional participation as clear regulations are enacted, similar to Europe’s MiCA framework. The outcome of the Senate vote will have far-reaching implications for the future of stablecoins and the broader cryptocurrency ecosystem.