The GENIUS Act, a stablecoin regulation bill in the United States Senate, faces a key vote on June 17, and industry stakeholders are weighing in on what it means if it passes.

The GENIUS Act  (S. 1582) was approved by the Senate today, thus moving federal regulations for stablecoins closer to reality.

This week's vote on stablecoin legislation ensures that finance will continue to be dollar-denominated and governed by American values, says Kristin Smith.

Cryptocurrencies are notoriously volatile. You don’t have to be a genius to know that’s the case. It’s why some have said calling them “currencies” is a misnomer. &n

The Senate approved the GENIUS Act, which would standardize regulations for a growing cryptocurrency market for stablecoins.

Some uncertainties remain around the GENIUS Act that could establish U.S. stablecoin rules, and theories abound about how Tether may respond.

Poised for passage, the GENIUS Act is a landmark bill that would federally regulate the US stablecoin industry. Despite recent disagreements between Republican and Democratic Senators, the bill passed a key procedural vote. Kristopher Klaich, Policy Director at The Digital Chamber, strongly believes in its impending approval.

The US Senate will vote on the GENIUS Act this Wednesday, aiming to regulate stablecoins and ensure financial stability