The GENIUS Act Moves Closer to Senate Approval – Coincu

Negotiations on the GENIUS Act, a key stablecoin regulation bill, intensify as the U.S. Senate gears up for discussions. Scheduled votes on amendments could be imminent.

The GENIUS Act’s progress reflects growing pressure for clear stablecoin regulations in the U.S., with the potential to influence global financial practices.

Senate Pushes GENIUS Act Amid Bipartisan Talks

Democrats and Republicans in the U.S. Senate are working towards passing the GENIUS Act, focusing on stablecoin regulation. The bipartisan effort aims for a unanimous consent agreement, possibly expediting the vote process without full cloture initiation. The expectation is that this will enhance the regulatory framework for stablecoins.

The bill introduces regulatory obligations for stablecoin issuers, which could reshape industry practices. This legislative move anticipates increased stability and compliance demands in the market, prompting issuers and institutions to adhere to new rules. Proponents suggest these changes could enable widespread use of stablecoins.

Market responses have been significant, with industry leaders expressing cautious optimism. Christian Catalini from the MIT Cryptoeconomics Lab remarked:

“This sets the stage for these assets to go mainstream.”

Critics like Senator Elizabeth Warren, however, note potential loopholes and conflict of interest concerns, especially with ties to Trump family ventures.

Past Challenges and Future Implications for Stablecoins

Did you know? In the U.S., the GENIUS Act represents a pivotal point in stablecoin regulation, undergoing numerous revisions and debates since its introduction in February 2025.

According to CoinMarketCap data, Bitcoin (BTC) is currently priced at $103,926.83, with a market cap recorded at $2.06 trillion, showing a 24-hour trading volume of $40.74 billion, yet witnessing a -0.20% price change over the last day. Additionally, Bitcoin’s 7-day price change shows a drop of -5.31%, while it has increased 25.59% over the past 60 days.

Experts from the Coincu research team anticipate that the GENIUS Act could create a benchmark for global stablecoin regulation. Industry shifts are probable as stakeholders adapt to the new regulatory environment, emphasizing compliance and accountability as critical elements.