The U.S. Senate is scheduled to pass the "National Innovation Stablecoin Guidance and Establishment Act" (GENIUS Act) as early as May 26, #美国加密立法 . The bill aims to establish a federal regulatory framework for stablecoins. Previously, Democrats had blocked its progress on May 8 due to concerns that the bill could allow former President Trump and his family to benefit from crypto projects. To reach a consensus, the bill has removed provisions targeting the Trump family.

Background and Controversy

• Purpose of the bill: The GENIUS Act aims to establish a federal regulatory framework for stablecoins, ensuring their safety and stability while promoting innovation.