The GENIUS Act Defines New Limits for Stablecoin and Gives US Digital Finance a Boost
The United States Congress is nearing a pivotal vote that could reshape the cryptocurrency landscape. The GENIUS Act, formally known as the "Guiding and Empowering the Nation for Innovation in U.S. Stablecoins," is anticipated to pass the Senate next week. The legislation, spearheaded by Senators Kirsten Gillibrand and Cynthia Lummis, aims to establish clear regulatory frameworks for stablecoins while reinforcing America’s competitive edge in digital finance.
Support for the bill spans from Congress to the WHITE House, signaling bipartisan alignment on the need for structured oversight. The act is expected to open new opportunities for smaller market participants, though attempts to block it, notably by Senator Elizabeth Warren, have faltered.
