<ul data-eligibleForWebStory="true"><li>The U.S. Senate has scheduled the final vote on stablecoin regulation for June 17, with the exact time to be determined by Senate leaders.</li><li>The bill under consideration is known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act and aims to provide a comprehensive framework for U.S. dollar-backed stablecoins.</li><li>Key provisions of the GENIUS Act include requiring stablecoins to be fully backed by U.S. dollars or similar liquid assets and mandating annual audits for issuers with over $50 billion market capitalization.</li><li>The proposed legislation also sets regulatory standards for foreign-based stablecoin issuers operating in the U.S. market.</li><li>The Senate conducted a procedural vote to move the bill forward, anticipating the final decision. Approval of the GENIUS Act could bring legal clarity to the expanding stablecoin sector, impacting the issuance and management of digital dollars within the financial system.</li></ul>

U.S. Senate Revealed When The Final Vote on Stablecoin Regulation Will Take Place

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