Upcoming Senate Vote on High-Profile Cryptocurrency Bill Scheduled for Next Tuesday

The U.S. Senate plans to conduct the final vote on the highly anticipated Stablecoin Regulation Bill, the 'GENIUS Act', next Tuesday (U.S. time, 16th). The official Democratic Senate website announced the schedule on the 12th, stating that the specific timing will be determined through discussions between the Senate Majority and Democratic leadership. The bill introduces comprehensive regulations mandating that stablecoins be fully backed by the U.S. dollar or equivalent liquid assets. It requires annual audits for issuers with a market cap exceeding $50 billion and sets regulatory guidelines for foreign issuers. The Senate passed a motion to close debate on the GENIUS Act this Wednesday, paving the way for the final vote...