U.S. Senate to Vote on GENIUS Act Stablecoin Legislation with Reserve Requirements by May 26, 2025

The U.S. Senate is scheduled to vote on stablecoin legislation before Memorial Day, May 26, 2025, according to statements from Senate Majority Leader John Thune and reports from Politico. The legislation, known as the Guiding and Establishing National Stablecoins (GENIUS) Act, aims to introduce reserve requirements and oversight rules for stablecoins. The bill seeks to balance innovation in the cryptocurrency sector with consumer protection measures. This vote represents a major step in the regulation of stablecoins in the United States.

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