U.S. Senate to Vote on GENIUS Stablecoin Bill June 17 – Coincu

The U.S. Senate plans to hold a final vote on the GENIUS stablecoin bill on June 17. The specific timing of the vote will be set by the Senate majority leader.

The vote is significant as it could reshape regulatory frameworks around stablecoins, affecting their issuance and usage within the cryptocurrency market.

U.S. Senate’s Scheduled Vote Could Reshape Stablecoin Regulations

On June 17, the U.S. Senate is scheduled to cast its final vote on the GENIUS stablecoin bill. This proposed legislation aims to establish comprehensive regulations for issuing and controlling stablecoins in the financial market. The Senate majority leader will decide the exact timing of this vote, underscoring the central role of legislative leadership in determining procedural schedules.

If passed, this bill could introduce stringent compliance mandates for stablecoin issuers, potentially affecting their operational dynamics. As this legislation forms part of a broader effort to regulate digital assets, it could influence the market’s future trajectory, prompting issuers to adjust their strategies. For example, the passage might follow previous regulatory measures such as the circle-ceo-calls-for-us-stablecoin-law-to-regulate-issuers, which established precedents in the stablecoin sector.

“The GENIUS stablecoin bill represents a pivotal moment for the digital currency landscape in the U.S.” notes a financial analyst tracking the developments.

Ethereum and Market Dynamics Amid GENIUS Bill Consideration

Did you know? The potential passage of the GENIUS stablecoin bill echoes prior attempts to regulate digital assets, harking back to the 2021 proposals aimed at integrating cryptocurrencies within existing financial oversight mechanisms.

Ethereum, symbolized as ETH, currently trades at $2,517.47, maintaining a market cap of approximately $303.91 billion and contributing to 9.38% of the market dominance as per CoinMarketCap data as of 05:44 UTC on June 13, 2025. Notably, its 24-hour trading volume was reported at approximately $37.92 billion, reflecting a 28.80% change. Over the last 24 hours, ETH’s price declined by 8.75%; however, it saw increases of 2.34% over the past week.

The Coincu research team notes that if the GENIUS bill passes, it could set a precedent for stablecoin regulation, potentially prompting other nations to follow suit, similar to regulatory actions discussed in this article about Singapore exchange to launch Bitcoin perpetual. Historical trends suggest such regulatory measures could stabilize market conditions and enhance investor confidence in digital currencies, though the trade-offs regarding innovation and market flexibility remain debated.