The US Republican Party is moving forward with a vote on the GENIUS Act, a stablecoin regulation bill, despite growing opposition. Reported by the Wall Street Journal (WSJ), the vote is scheduled for the 8th (local time). The GENIUS Act aims to establish clear rules for stablecoin issuers, including licensing, reserve maintenance, and mandatory disclosures. This legislation is significant because it could set a precedent for stablecoin regulation across the United States. While the bill initially garnered bipartisan support, passing the Senate Banking Committee in March, recent moves by US President Donald Trump related to cryptocurrency have fueled opposition. The outcome of the vote remains uncertain, but it will significantly impact the future of stablecoins in the US market. The industry is closely watching the developments as the GENIUS Act could shape the regulatory landscape for years to come. ```