#DigitalAssetBill The US Senate is preparing to make a decision on the stablecoin bill

Senate Majority Leader John Thune has initiated the voting process on the bill to establish rules for stablecoin issuers.

The US Senate may soon vote on a bill that will set rules for stablecoin issuers in the US. This will also be the first time the chamber considers a major legislation on Crypto.

Senate Majority Leader John Thune, a Republican from South Dakota, has started the ball rolling to expedite the process of the National Guidelines and Innovation Creation Act for US Stablecoins (GENIUS), which is the Senate version of two similar bills moving through both chambers of Congress. The House of Representatives is expected to closely monitor its own voting on social media. Thune's move to expedite the bill is aimed at limiting delays in the chamber to make it faster. It is still unclear exactly when the Senate will vote, but an earlier vote on the matter in the Senate Banking Committee approved it with a broad bipartisan majority.