The US Senate is set to vote on the GENIUS Act, a bill aimed at regulating stablecoins and shaping their future in the United States. This crucial vote reflects bipartisan support for clear regulations and signifies a major shift in the landscape of this market segment. The legislation proposes key requirements for stablecoin issuers, including USD-backed reserves and regular audits, which could significantly impact companies like Tether and USDC. The bill’s potential passage promises to establish a robust regulatory framework for stablecoins, potentially reshaping industry norms. The vote is expected to have significant implications for the stability of these assets, with market dynamics and compliance costs likely to change considerably if the GENIUS Act passes into law.