In recent days, the bill regulating stablecoins in the United States, known as the "GENIUS Act", has witnessed exciting developments that may hinder its legislative path.

Although the bill passed the Senate Banking Committee with bipartisan support, the withdrawal of Democratic support threatens to delay or even defeat its passage in the chamber. Negotiations among the various parties are expected to continue in an effort to reach a compromise that meets the required security and transparency standards.

What to expect:

1- Potential amendments: Amendments may be introduced to the bill to enhance anti-money laundering measures and consumer protections, aiming to regain the support of hesitant members.

2- Market impacts: Any delay or failure to pass the legislation may affect the cryptocurrency market, particularly regarding investor confidence and the regulation of stablecoins in the United States.