GENIUS Act for Stablecoin Regulation Nears Senate Vote – Coincu

The GENIUS Act, a pivotal piece of legislation aiming to regulate stablecoins, is scheduled for Senate voting next week in the United States.

This development is significant as it represents a major step in formalizing digital currency regulations in the U.S., impacting financial markets and innovation worldwide.

GENIUS Act and Its Bipartisan Senate Journey

The U.S. Senate is set to debate the GENIUS Act, a significant bill proposing stablecoin regulations. Senators Hagerty and Gillibrand are at the forefront, emphasizing bipartisan efforts despite recent delays with procedural challenges.

Under the proposed regulatory framework, stablecoin issuers must adhere to strict compliance, fundamentally changing operational dynamics. Licensing and federal oversight would be mandatory for large issuers, while smaller players would face state regulations.

Senator Kirsten Gillibrand, U.S. Senator, – “It is essential to the future of the U.S. economy and to everyday Americans that we enact strict stablecoin regulations and consumer protections where none currently exist.”

Potential Market Impact of Upcoming GENIUS Act Vote

Did you know? The GENIUS Act, following earlier iterations dating back to prior market failures, highlights longstanding bipartisan efforts to legislate stablecoin regulations in the U.S.

As of May 17, 2025, the price of Bitcoin (BTC) stood at $103,033.41, as recorded by CoinMarketCap. Its market cap reached 2.05 trillion, dominating 62.54% of the cryptocurrency market. Over 24 hours, Bitcoin’s price decreased by 0.92%, while its 30-day performance reflected a rise of 21.75%.

The Coincu research team suggests that the GENIUS Act could redefine stablecoin landscapes, introducing stringent compliance measures likely to benefit large institutions while challenging smaller entities. The Act’s focus on stringent anti-money laundering policies may lead to increased market stability.