Senate Schedules Final Vote on GENIUS Bill for June 17
The U.S. Senate has scheduled a vote on the GENIUS Act for June 17, marking a crucial step toward establishing legal clarity for stablecoins.
What’s the Scoop?
- Stablecoin Legal Framework: The GENIUS Act aims to provide a clear legal framework for stablecoins and their issuers.
- Senate Voting: If passed by the Senate, the bill will proceed to the House of Representatives for further review and voting.
- Impact on the Industry: The bill could potentially create regulatory clarity, fostering adoption and innovation in stablecoin use cases.