• The GENIUS Act could mark a major breakthrough in stablecoin regulation in America by creating clear federal rules for stablecoin issuers.
• As the Senate prepares for a key vote, this bipartisan bill aims to enhance transparency, consumer protection, and financial stability in the U.S. stablecoin market.

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The GENIUS Act is poised to become the first federal framework for regulating stablecoins, aiming to boost transparency and consumer protection across the digital asset space. With bipartisan momentum and a critical Senate vote looming, the bill could reshape how stablecoins operate in the U.S. economy

Stablecoin Regulations on the Brink of a Federal Breakthrough

The U.S. Senate is preparing for a decisive vote on the GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins Act—potentially ushering in the nation’s first-ever federal regulatory framework for stablecoins. Slated for as early as June 11, this bipartisan bill represents a major step toward regulating the booming stablecoin market with clear rules, transparency, and consumer safeguards.

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The Bill’s Momentum Grows

Following a 66-32 cloture vote last month, the GENIUS Act has gained serious traction in Washington. Senate Majority Leader John Thune’s recent procedural push signals mounting support. With over 60 amendments currently under review, bipartisan discussions are intensifying to keep the bill on track for final passage.

Crypto industry leaders are closely watching this development, hailing it as a potential watershed moment that could legitimize stablecoins and reinforce the U.S. dollar’s role in the global economy.

Also read: The GENIUS Act is poised to become the first federal framework for regulating stablecoins, aiming to boost transparency and consumer protection across the digital asset space. With bipartisan momentum and a critical Senate vote looming, the bill could reshape how stablecoins operate in the U.S. economy.

Amendment #2307: A Compromise for All

At the heart of current negotiations is Amendment #2307. This critical revision proposes a tiered regulatory system:

• Small issuers (under $10 billion market cap) could remain under state-level supervision.
• Larger issuers would face direct oversight from federal regulators.

To ensure consumer trust and systemic stability, the amendment also mandates monthly financial attestations and full asset backing disclosures from stablecoin providers.

What’s Next for the GENIUS Act?

If the Senate clears the bill in the upcoming vote, the GENIUS Act will head to the House of Representatives. There, lawmakers are already considering the STABLE Act—another proposal with similar goals to regulate stablecoins across state and federal levels.

While bipartisan support is promising, the outcome hinges on resolving the 60+ amendments currently on the table. If successful, the GENIUS Act could finally bring stablecoin regulation into the U.S. legal framework—providing clarity, oversight, and consumer confidence in one of crypto’s most used digital tools.