U.S. Stablecoin Legislation Faces Hurdles Despite Progress – What It Means for Crypto

At the Bitcoin 2025 conference, U.S. Senator Cynthia Lummis shared fresh insights into the ongoing challenges of pushing the GENIUS Act—a stablecoin-focused bill—through the Senate. Despite clearing a key procedural vote with over 60 Senate approvals, the bill still faces major resistance, including from bipartisan voices like Senator Elizabeth Warren.

Lummis, co-sponsoring the bill with Senator Kirsten Gillibrand, admitted: "This is incredibly difficult, and I had no idea it would be this challenging." If passed, it would be the first legislation from the Senate Banking Committee in 8 years—a potential game-changer for U.S. crypto regulation.

Behind the scenes, coordination continues with the House on the market structure bill, gaining momentum after last year’s passage of FIT21.

Why It Matters for Web3: A stablecoin regulatory framework could finally provide the clarity needed for broader institutional adoption and DeFi innovation in the U.S. The road ahead is tough, but the progress is real.

What do you think—Will 2025 be the year U.S. stablecoin regulation finally lands?

#Stablecoins #CryptoRegulation #GENIUSAct #Lummis #Gillibrand