#GENIUSAct update of May 20, 2025,
the U.S. Senate has advanced the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) by passing a crucial cloture vote with a 66–32 margin. This sets the stage for a full Senate vote, potentially as early as today. The bill aims to establish a comprehensive regulatory framework for stablecoins, addressing consumer protection, anti-money laundering measures, and issuer requirements.
