U.S. Stablecoin Bill Could Clear Senate Next Week, Proponents Say

U.S. Stablecoin Bill Could Clear Senate Next Week, Proponents Say

Senator Bill Hagerty, who backed the Senate's version of the legislation, predicted the body will "make history" next week by passing the bill.

CoinStats - U.S. Stablecoin Bill Could Clear Senate Next ...

Despite recent setbacks, U.S. legislation to regulate stablecoin issuers may be heading toward debate and passage next week, according to the backers of the bill known as the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act.“Next week, the Senate will make history when we debate and pass the GENIUS Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” said Senator Hagerty, a…

Revised GENIUS stablecoin bill heads to senate, bars Big Tech from issuing tokens – MAXBIT

The US Senate is preparing to vote next week on a revised version of the GENIUS Act, a stablecoin-focused bill that has been updated to address concerns raised by Democratic lawmakers. Last week, the bill stalled after several Democratic lawmakers withdrew support, citing gaps in anti-money laundering provisions, weak oversight for foreign stablecoin issuers, and...

Senate to Revisit GENIUS Act This Week After Earlier Vote Rejection - Bitcoinsensus

The U.S. Senate is preparing for a procedural vote on stablecoin regulation as soon as this Monday, following last week’s failed attempt to advance the bill. According to Eleanor Terrett from Crypto in America, the revised legislation for the GENIUS Act. introduces sweeping changes that could reshape the digital currency landscape, particularly for Big Tech and policymakers with crypto ties. Big Tech Faces Stablecoin Ban One of the bill’s most s…

GENIUS Bill Targets Stablecoin Market With New Restrictions on Big Tech and Misleading Claims

According to cryptocurrency journalist Eleanor Terrett, the bill is designed to protect consumers while keeping federal agencies from backing or becoming involved in stablecoin projects. Ban on Government-Linked Branding One of the bill’s standout provisions would prohibit stablecoin issuers from using phrases such as “United States,” “United States Government,” or “USG” in their product names. The measure aims to reduce consumer confusion and s…