Cryptocurrency journalist Eleanor Terrett announced that the GENIUS bill, which includes stablecoin regulations, could be voted on in the Senate this week.
According to Eleanor Terrett, the U.S. Senate is expected to vote on the GENIUS stablecoin bill, which is anticipated to be a significant turning point for the cryptocurrency sector, within the week. While intense negotiations continue among senators from both parties, if consensus can be reached on critical provisions, the bill could be approved shortly. However, if disagreements persist, the vote may be postponed to the following week.
According to sources close to Eleanor Terrett, efforts are being made to secure a unanimous acceptance agreement for the bill's rapid advancement. Key changes under discussion include transparency rules for government officials owning stablecoins, regulations preventing foreign governments from issuing stablecoins, and anti-money laundering measures. The Credit Card Competition Act (CCCA), which aims to increase competition in the credit card sector, stands out as the most controversial item in negotiations and could complicate the agreement.
Eleanor Terrett also pointed out a recent public opinion poll conducted by the Cedar Innovation Foundation. According to this poll, 74% of U.S. voters want specific regulations for the cryptocurrency sector. This support is particularly high among young voters and those from diverse ethnic backgrounds.
Survey results show that 71% of Democrats, 56% of independents, and 51% of Republicans support the new cryptocurrency laws. This strong support increases the pressure on Congress to act quickly.
Stay tuned for new developments.
