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The US Senate set its final vote for the Genius Law on June 17, where the Securities and Exchange Committee (SEC) speculates a series of coding rules proposed under the Biden Administration.
The official website of Democrats in the Senate revealed the date specified in A. Notice yesterday. The notification added that the time specified to vote will be decided later by the majority leader in consultation with the democratic leader.
Act Genius can give Stablecoin the need in the United States
the Bill genius It aims to create a legal and regulatory framework for Stablecoins.
This framework includes Stablecoin’s demand to completely restore their symbols with US dollars or similar liquid assets, and impose annual audits of exporters with more than $ 50 billion in the market, and add compliance instructions to exporters outside the United States.
In: The Senate will vote on the final clip of the Genius Law on Tuesday, Time TBD. pic.twitter.com/d9e8wiv4ca
Eleanorterrett June 12, 2025
The final voting comes after the Senate voted in favor of the draft law on June 11, which led to a final vote. If the bill is passed, it will go to the House of Representatives.
Both the Senate and the Council, which it proposed Stablecoin Legislation, you will need to reach consensus on their bills. Currently, the proposed bills differ in issues such as governmental and federal regulations for Stablecoin, as well as overseeing foreign exporters such as Tether.
SEC Crypto Biden-Even
With the progress of Genus, the Supreme Education Council also announced that it would cancel the rules proposed by the former Crypto Gareler.
Yesterday, the agency He said The “dragging some notifications from the proposed bases” was issued under the Ginsler between March 2022 and November 2023.
DowN 3B16 goes, qualifying guardian, and all other incomplete Gensler’s base proposals. Secgov I just released final notifications to cancel them all.
– Paulgrewal.eth (iampaulgrewal) June 12, 2025
Among the 14 bases that were withdrawn by the Supreme Education Council was 3B-16 rule. The “exchange” definition could have expanded to include Defi protocols and tightening coding nurseries for investment consultants.
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