The U.S. Senate is revisiting the GENIUS Act, a bipartisan stablecoin bill, with a potential vote before the Memorial Day recess. Brian Armstrong, founder of Coinbase, expressed optimism about the vote occurring as early as May 15. Despite previous resistance from some Democrats, progress has reportedly been made. The bill seeks to establish a regulatory framework for stablecoins and their issuers in the U.S. If passed, it would represent a historic milestone for the crypto sector and potentially strengthen the U.S.’s position relative to regions like the E.U. Market confidence in the bill’s passage in 2025 exceeds 80%, according to Polymarket.
— new from AMBCrypto
