According to Cointelegraph, the U.S. Senate is about to debate the stablecoin regulation bill, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The crypto lobby is calling on senators to pass the bill as soon as possible, as the proposed amendments to credit card fees could delay the bill.
The bill passed a procedural vote in May and is expected to receive enough votes to pass the Senate and go to the House of Representatives this week. Crypto groups such as the Blockchain Association, Crypto Council for Innovation, Digital Chamber, and DeFi Education Fund jointly stated that the core goal of the bill is to provide a comprehensive solution to stablecoin regulation, and called on lawmakers to maintain the momentum of active progress.
The crypto lobby is urging the U.S. Senate to pass the stablecoin bill as soon as possible.
2025-06-03 05:55:01
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