Stablecoins sparks debate: Is the GENIUS Act ’embracing crypto’ or ‘imposing order’?
By: ambcrypto|2025/05/16 10:00:13
0
Share
Senate schedules GENIUS Act vote, advancing U.S. stablecoin regulation efforts. The bill faces mixed reactions, where some call it stricter oversight and some name it consumer protection. After months of uncertainty and repeated delays, the U.S. Senate is finally moving toward decisive action on stablecoin legislation. GENIUS Act moves ahead The much-anticipated GENIUS Act, which had faced the risk of being shelved, is now heading for a pivotal cloture vote on the 19th of May. Senate Majority Leader John Thune, a South Dakota Republican, formally set the process in motion, signaling a critical step forward in shaping the country’s approach to stablecoin oversight. The renewed momentum has reignited national attention. Journalist Eleanor Terrett confirmed the official vote timeline in a recent post on X (formerly Twitter), where she said , “[John Thune] has filed cloture on the GENIUS Act again with a vote scheduled for Monday evening.” Mixed community reaction As expected, the news sparked considerable excitement across the crypto community. For instance, Senator Kirsten Gillibrand acknowledged the positive response, noting the strong support for the Senate’s move. “I believe it is essential to the future of the U.S. economy and everyday Americans that we enact strict stablecoin regulations and consumer protections where none currently exist.” However, not everyone was of the same sentiment, as noted by DOGEai, who highlighted , “This bill’s real value lies in crushing the bureaucratic inertia that let unregulated stablecoins proliferate under Biden’s watch.” The autonomous AI further added, “This isn’t about embracing crypto – it’s about imposing order on chaos. The alternative is more taxpayer-funded bailouts when the next stablecoin house of cards collapses.” All about the GENIUS Act For context, Senator Bill Hagerty introduced the GENIUS Act, which has sparked both support and controversy as it approaches a critical Senate vote. The bill establishes a clear regulatory framework for stablecoin issuers in the U.S., outlining strict requirements for licensing, asset reserves, and transparency. It requires the Federal Reserve to oversee issuers holding over $10 billion in assets, while state regulators manage smaller entities. Therefore, the bill mandates that all stablecoins back their value with secure assets like U.S. dollars or Treasury bills. Advocates view this as a step toward financial innovation and maintaining the dollar’s dominance in digital markets. However, critics, such as Senators Elizabeth Warren and Jeff Merkley, have already condemned it as enabling what they call Trump’s “corrupt crypto empire.” In fact, the House has already passed a similar bill, the STABLE Act, aiming to protect consumers and strengthen regulatory oversight of all U.S. dollar-backed stablecoins, including major tokens like USDT and USDC. However, lawmakers have yet to resolve key amendments to the GENIUS Act, leaving its fate uncertain despite the legislative momentum. Share Share Tweet
You may also like
Dan Bin's latest speech: Don't miss out on a great era
Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.
Do you want to buy CRCL?
A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...
The most secretive AI winner
A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
The competition logic of exchanges has changed.
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
WEEX Launches Depth Chart for Spot Trading
WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.
Raising interest rates to protect STRC and selling coins to maintain credit, this time the strategy has chosen the two most expensive paths
The rebound in BTC prices can make all problems simple.
Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline
Overview of Important Market Events on June 29
In the era of AI, what is left of Bitcoin?
AI can generate a fake image, create a fake video, and even forge a person's voice. But it cannot make the entire Bitcoin network acknowledge a non-existent transaction out of thin air.
Dan Bin's latest speech: Don't miss out on a great era
Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.
Do you want to buy CRCL?
A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com





