The US Senate will make the last vote for the Genius Stablecoin law on 17 June
The US Senate will submit the GENIUS ACT bill on June 17, which will introduce a comprehensive legal framework for Stablecoin exporters. If accepted, the law will be discussed in the House of Representatives and will have to be compatible with the Stable Act.
An important bill to shape the future of digital dollars in the United States entered the last bend. Senate, Guiding and Establishing National Innovation for U.S. Stablecoins ACT (Genius Act) will hold the final vote on Tuesday, June 17, 2025 for the Stablecoin regulatory law.
📜 What does GENIUS ACT cover?
The bill aims to legally guarantee the Stablecoin market in the USA. If accepted:
Stablecoins will be supported only with USD or similar liquid assets,
Annual inspection obligation will be imposed on exporters with market value over 50 billion dollars,
For international -centered exporters (eg Tether), the compliance rules and audit framework will be clarified.
According to the Senate’s site, the time of the vote has not yet been determined; The democratic leadership will decide among themselves.
🏛️ Conflicting points with the House of Representatives and Stable Act
Genius ACT was created by the Senate, while the Committee of Financial Services of the House of Representatives had a different arrangement called Stable Act in May. Both drafts:
Should he control federal or state?
How should foreign exporters like Tether be handled?
He separation in his questions. Therefore, two wings will have to compromise for the final law.
🇺🇸 Full support from President Trump
Stablecoin laws are rapidly moving with the open support of President Donald Trump. “We want to spend this arrangement until August,” Trump said before. This support paved the way for the rapid progress of the law, especially on the Senate side.
💵 Market Expectation: 2 trillion dollars target
US Treasury Minister Scott Bessent, said this week, if a clear stablecoin law arises, the USD Stablecoin market size may exceed $ 2 trillion by 2028, he said.
Currently, the size of this market is approximately $ 252 billion (Coingecko data).
🔚 Evaluation: It may be a great impact on global markets
If the GENIUS ACT also passes through the House of Representatives and enacted:
A clear regulation infrastructure will be formed for US -based stablecoin projects,
Corporate investor confidence will increase,
Tether and similar projects will be opened for a tight inspection gate.
This law, which can be a pioneering model in terms of global stablecoin regulations, may play a decisive role in the future of digital dollar.
