<ul><li>The U.S. Senate is set to vote on the GENIUS Act, a bipartisan bill for regulating payment stablecoins, on May 19, 2025.</li><li>Key concerns from Democrats included weak AML measures, lack of oversight on foreign-issued stablecoins, and insufficient consumer protection mechanisms.</li><li>Revised version of the GENIUS Act includes enhanced customer safeguards, bankruptcy protection for stablecoin holders, and ethical restrictions on Big Tech firms and individuals like Elon Musk.</li><li>The $246 billion stablecoin market awaits regulation to address the rising importance of stablecoins in digital economies and encourage innovation within the U.S.</li></ul>

GENIUS Act Vote on May 19: Will the U.S. Finally Regulate Stablecoins?

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