Senate Showdown: Stablecoin Bill Vote Set Amid Political Drama

🇺🇸 U.S. Stablecoin Regulation Update

The GENIUS Act, or 2025 Stablecoin Innovation Act, heads for a crucial Senate vote this Thursday.

Bill mandates all stablecoins (like $USDC, $USDT) be backed by real liquid assets.

Needs 60 votes to pass; requires cross-party support.

Tensions rise as senators debate crypto ties to Trump-linked companies.

Democrats want tougher AML rules on foreign stablecoin issuers.

Republicans criticize overregulation.

If passed, this marks the FIRST federal framework for stablecoins.

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