Senate Republicans Push for Stablecoin Legislation Amid Bipartisan Frustration
Senate Majority Leader John Thune urged immediate action on stablecoin regulation during a floor speech, emphasizing the need for U.S. leadership in crypto innovation. The GENIUS Act, which would establish a federal framework for stablecoin issuers, faces delays despite bipartisan support.
"Stablecoins should be made in the USA, but we can’t lead in innovation if there’s no clarity for the innovators," Thune declared. His remarks highlight growing Republican impatience as stablecoin usage proliferates outside regulatory oversight.
The afternoon vote on the GENIUS Act marks a critical juncture for cryptocurrency policy. Market participants await clarity as global jurisdictions race to establish regulatory frameworks for dollar-pegged digital assets.
