$ETH The Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act was updated and released, gaining bipartisan traction. This legislative effort is led by Senator Bill Hagerty, who initially introduced the bill in February. Senator Tim Scott is a key advocate.

Senator Cynthia Lummis played a crucial role in the act's crafting, reflecting significant legislative involvement. Senate Majority Leader John Thune aims to fast-track the bill for a Senate vote soon, targeting a decision before Memorial Day.