Senate Moves Closer to Approving Stablecoin Regulation Bill

The Senate Banking Committee has taken a significant step forward in regulating U.S. stablecoins. The GENIUS Act, also known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, is advancing toward potential approval with bipartisan support. This legislation represents the first major federal attempt to address the regulatory landscape of stablecoin issuers operating in the United States.