Summary
- It was announced that the U.S. Stablecoin Bill could be put to a Senate vote as early as this week.
- Lawmakers from both parties are reportedly seeking a final agreement on key amendments.
- The Genius Bill includes measures such as requiring a license for stablecoin issuers, 100% reserve backing, and disclosure obligations.
There is an opinion that the U.S. stablecoin bill, known as the Genius (GENIUS) Bill, may be put to a Senate vote as early as this week.
On the 2nd (local time), Eleanor Terrett, the host of Crypto in America, stated on X (formerly Twitter), "The Genius Bill may be put to a Senate vote as early as this week," and added, "Currently, lawmakers from both parties are attempting to reach a final agreement on key amendments." She further noted, "If no agreement is reached, it may be postponed to next week."
Meanwhile, the Genius Bill centers on requiring stablecoin issuers to obtain a license, maintain 100% reserve backing, and adhere to disclosure obligations.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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