#USStablecoinBill The Senate Majority Leader, John Thune, a Republican from South Dakota, kicked off efforts to expedite the National Innovation Guide and Establishment Act for U.S. Stablecoins (GENIUS), which is the Senate version of two similar bills being processed in both chambers of Congress. The House of Representatives is expected to closely follow its own voting. Thune's measure to expedite the bill aims to limit delays and action on the floor for quicker processing. So far, it is unclear exactly when the Senate vote will take place, but a previous vote on the effort in the Senate Banking Committee had approved it with a large bipartisan majority of 18 to 6. The House Financial Services Committee also advanced a similar bill in April
