The United States Senate voted 68-30 on Wednesday to invoke the clotura in the Genius Law, a great draft Stablecoin’s law, racing the way for a final vote of the floor scheduled for next Monday.
If approved, the bill could establish the first national regulatory framework for Stablecoins in the United States.
Genius law: it would be seen for the Guide and establish national innovation for the US stable. UU.–request Stablecoin issuers will maintain 100%reservations, are presented to annual audits if they have more than $ 50 billion in market capitalization and adhere to the rules for foreign issuing.
Could serve as a reference point for Stablecoin Regulation in the financial system of the United States.
The leader of the majority of the Senate, John Thune, spoke in favor of the bill, aligning with the position of President Donald Trump about digital assets. “We want to take the cryptocurrency to the mainstream, and the genius law will help us do that,” Thune saying.
However, not all legislators were on board. Senator Elizabeth Warren criticized the bill for not addressing bipartisan amendments and warned about the political risks linked to Trump’s cryptographic treatment.
“By approving Genius law, the Senate is not only about to bless this corruption, but also to actively facilitate its expansion,” he said, referring to Trump’s ties with a cryptographic platform backed by his family.
Crypto’s ‘fundamental change’
Industry leaders say that the bill could unlock new institutional participation. Yuval Rooz, CEO of Blockchain Digital Sign Asset, described it as a “fundamental change” in cryptographic regulation.
“The approval of the Genius law marks a long -awaited change in regulation for the application to regulation by clarity,” Rooz said in a note obtained by Crypto.news. “It provides banks with a clear framework to interact with confidence with Stablecoins, unlocking stagnant strategies by guaranteeing complete reserves, regular audits and substantive protections of the consumer.”
Rooz emphasized that “regulation alone is not enough,” highlighting the importance of privacy and control. “These are not optional characteristics; they are fundamental for institutional trust,” he added.
While the Senate prepares for Monday Final voteThe destiny of the genius law could shape the future of the Cryptography Policy of the United States, and influence how the stable in traditional and decentralized finances are used.