XRP Set to Benefit as GENIUS Act Passes Key Senate Vote on Stablecoins

A major crypto bill—the GENIUS Act just passed a key procedural vote on May 19, and now it's heading toward full Senate approval, possibly as soon as May 20. If this stablecoin bill becomes law, crypto won’t just stabilize, it could explode. 

Big projects like XRP and Bitcoin might rise fast, while weaker ones could disappear. This bill isn’t just about rules. It could reset the whole crypto space.

Why the GENIUS Act Is a Big Deal

The GENIUS Act sets strict rules for stablecoins in the U.S. It first failed to pass the Senate on May 8 due to concerns about weak user protections and Trump’s influence.

But things changed by May 19. After adding stronger rules, the bill passed a key vote with 66-32 support.

Meanwhile, the updated bill requires stablecoins to have full 1:1 fiat backing, monthly audits, and clear redemption rules. This will help remove shady or risky coins and make stablecoins safer for both regular users to billion-dollar institutions.