Senate Vote on Stablecoins Approaching: Implications for Crypto Market

The US Senate is set to vote on the GENIUS Act, a pivotal moment in crypto regulation that could significantly impact the stablecoin market. This June 17th vote marks a potential turning point for institutions and digital giants alike. The debate is clouded by suspicions of conflicts of interest related to the Trump family’s involvement with World Liberty Financial, an issuer of a stablecoin. Several amendments aim to prevent any collusion between lawmakers and digital asset issuers.