Stablecoin Bill Vote Set Before May 26

US Senate to Vote on Stablecoin Bill Before May 26

• The US Senate is set to vote on the GENIUS Act before Memorial Day, May 26.
• The bill aims to provide regulatory clarity for stablecoins like USDT and USDC.
• Senate Majority Leader John Thune has informed GOP Senators about the upcoming vote.
• The bill has already received support from five Democrats in the Senate Banking Committee.
• Pro-crypto Senator Cynthia Lummis supports the bill, expressing her views publicly.

The GENIUS Act, which seeks to regulate stablecoins such as Tether’s USDT and Circle’s USDC, is expected to be voted on by the US Senate before May 26. The bill has bipartisan backing, including support from five Democrats at the committee level.