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Key Points: The GENIUS Stablecoin Act could provide regulatory clarity for stablecoins in the U.S. The bipartisan support highlights the political acknowledgement of cryptocurrency’s impact. The Act may pave the way for stable and secure crypto markets. A key procedural vote to advance the GENIUS Stablecoin Act passed in the U.S. Senate on May 20, 2025. The vote marks a significant development in U.S. crypto regulation. The new legislation aims to establish a regulatory framework for stablecoins, promising more clarity for issuers and investors. Expert Analysis: Potential Impact on Crypto Markets On May 20, 2025, the U.S. Senate cleared a procedural hurdle to advance the GUIDING and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The Senate’s action reflects increased bipartisan cooperation, with 15 Democratic senators, including Mark Warner and Adam Schiff, supporting the motion. The GENIUS Act, if enacted, would provide regulatory clarity for stablecoin issuers in the U.S., potentially boosting institutional interest in digital assets. Coinbase CEO Brian Armstrong lauded the procedural success, suggesting it marked progress for cryptocurrency innovation. Senator Mark Warner (D-Va.) remarked, “Innovation in this space is happening, with or without us. We have a responsibility to ensure it happens safely, transparently, and in a way that advances U.S. economic and national security interests” – CoinDesk Market Overview Did you know? The procedural vote on the GENIUS Act marks one of the few instances where U.S. cryptocurrency legislation has seen strong bipartisan support, showcasing the evolving political landscape around digital assets. Bitcoin (BTC) is trading at $105,670.24 with a market cap of 2 trillion dollars, according to CoinMarketCap. Dominating 62.85% of the market, BTC has seen a 2.25% rise over the past 24 hours. The trading volume stands at 60.25 billion dollars, reflecting a 5.57% increase as of May 20, 2025. Bitcoin(BTC), daily chart, screenshot…

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Filed under: News - @ May 20, 2025 5:23 am