GENIUS Act Revival Sparks Senate Debate Over $2B Trump Stablecoin Deal

U.S. Senators have reintroduced a revised version of the GENIUS Act, aiming to establish a regulatory framework for stablecoins. The legislation, formally known as the Guiding and Establishing National Innovation for U.S., seeks to define stablecoins, enforce anti-money-laundering compliance, and bolster consumer protections.

The bill’s progression to the Senate marks a pivotal moment in the ongoing effort to bring clarity to the digital asset market. Stablecoins, often pegged to traditional currencies, have surged in popularity but remain a regulatory gray area.

Market participants are closely watching the developments, as the outcome could significantly impact the broader cryptocurrency landscape. The GENIUS Act’s passage would represent a major step toward institutional adoption and mainstream acceptance of stablecoins.