In a speech at the Bitcoin 2025 conference, U.S. Senator Cynthia Lummis expressed her amazement at the extreme complexities she faces in passing the stablecoin bill known as the GENIUS Act. Lummis said, "I never imagined this task would be so difficult... it’s incredibly complicated."
Despite the obstacles, the bill recently succeeded in overcoming procedural voting in the Senate, securing more than 60 votes, allowing it to move to the final stage of discussions ahead of the critical vote. However, the path has not been easy, as it faced opposition from prominent figures from both parties, including Democratic Senator Elizabeth Warren.
Senator Lummis confirmed that passing this legislation, which she co-sponsors with Senator Kirsten Gillibrand from New York, would be a historic achievement as the first law passed by the Senate Banking Committee in eight years. She also revealed that there is active coordination behind the scenes with the House of Representatives regarding the market structure bill, benefiting from the legislative momentum generated by the passage of the FIT21 Act last year.
As the critical vote on the GENIUS Act approaches, expectations are rising regarding whether this legislation will pave the way for comprehensive and effective regulation of the cryptocurrency market in the United States. If passed, it could represent a turning point in digital financial policies, opening the door for further legislation that enhances transparency and supports innovation in the sector. Analysts believe that progress on this file will help narrow the gap between U.S. regulatory frameworks and their international counterparts, thereby strengthening the United States' position as a global hub for blockchain technology and stablecoins. As the dialogue continues between the Senate and the House of Representatives, all eyes remain on the results of these efforts and what the next few months will bring.#BTC #GENIUS稳定 #GENIUS #TrumpMediaBitcoinTreasury $BTC $BNB