Senate Set for Vote on GENIUS Act: A Major Step Forward for Stablecoin Regulation

A significant milestone in the U.S. cryptocurrency landscape is imminent, as the Senate prepares to vote on the GENIUS Act. This bipartisan legislation aims to establish a regulatory framework for stablecoins, addressing their issuance and reserve backing. The bill has successfully navigated its final stages of negotiations, paving the way for formal regulation of this rapidly growing sector of the crypto market.