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Stablecoin GENIUS Act Nears Senate Vote Amid Growing Support
Stablecoin GENIUS Act Nears Senate Vote Amid Growing Support
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The GENIUS Act, a pivotal piece of legislation aimed at regulating stablecoins and safeguarding smaller financial participants, is poised for a Senate vote in mid to late May. Pro-crypto senators, including Cynthia Lummis and Kirsten Gillibrand, express confidence in its passage despite opposition from figures like Senator Elizabeth Warren.
Market observers anticipate the bill could reshape financial markets by establishing clear cryptocurrency regulations. While opposition may force minor adjustments, the core provisions of the GENIUS Act are expected to remain intact. The timing aligns with a broader push for regulatory clarity in the digital asset space.
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