The stablecoin National Innovation Guidance and Establishment Act (GENIUS Act), pushed by Senators Bill Hagerty and Kirsten Gillibrand, is expected to be debated and passed in the Senate as soon as next week. "Next week, the Senate will go down in history as we debate and pass the GENIUS Act, which establishes the first growth-friendly regulatory framework for stablecoins for payments," Hagerty said. Gillibrand called "the creation of this bill a true bipartisan effort", stressing the inclusion of "strong consumer protections".
Although it had previously failed to pass a "motion to end the debate" vote, the bill has entered the latest draft stage, with text tweaks to meet Democratic concerns about consumer protection and national security. The draft makes it clear that large public companies such as Meta will not be approved to issue stablecoins.
The Senate will vote again on Monday, with 60 votes needed to pass before formal debate can begin. The House is also moving forward with its own version, which would need to be consolidated and signed into law by President Trump.
The US stablecoin bill will be voted on in the Senate as soon as next week, and supporters say it will "go down in history"
2025-05-16 22:53:01
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美稳定币法案最快下周参院表决，支持者称“将载入史册”Next article：
穆迪将美国信用评级由AAA下调至AA1
