The regulation of stablecoins in the United States has just crossed the historical cap. The US Senate voted 68 votes for 30 to advance in the law on the brilliant law and open the way to the plenary debate. Does this progress indicate the birth of the federal control framework for the cryptos supported by the dollar?
In short
- The American Senate adopts a genius law of 68 votes for 30, which is the main progress for stablecoins regulation.
- John Thune actively prevents legislation as a means for the United States to become the “world capital of Kryptos”.
- Elizabeth Warren and several Democrats express their concerns about the controversial links of Trump and World Liberty Financial.
Strategic vote in spite of political tensions
On Wednesday, June 11, 2025, the Senate gave the green light of the progress of genius (leadership and determination of national innovation for American Stablecoins), more than a month after its official introduction.
This parliamentary victory is a turning point after a bitter failure of the previous bill to Stablecoins a few weeks earlier.
John Thune, the head of the senatorial majority, has become an eager defender of this revolutionary legislation.
” We want to integrate crypto into the general public and the brilliant law will help us get there “He said with belief.
His speech faithfully restores the rhetoric of Donald Trump and promises that the United States will become the “world capital of Kryptos”.
This legislative progress is part of the wider dynamics of crypto regulation. The Brightness Act, which is currently examined in the room, will perfectly complete the genius approach. Last Tuesday, two chamber commissions also voted for this additional text.
The Stablecoins sector, dominated by actors like Circle with USDC, is eagerly awaiting this clarification of regulatory clarification.
The most optimistic predictions cause spectacular market growth, which could reach $ 2,000 billion by 2028, almost ten times higher than its current 230 billion awards.
A tough opposition that persists despite the bipartisan support
Despite this parliamentary victory, criticism is still. Elizabeth Warren, Senator Massachusetts, has issued a serious accusation against the Genius project. It condemns unresolved “basic problems” and “deficiencies” under warranty offered to consumers.
Warren goes on by directly showing the potential clashes of Trump’s interests. ” Through his cryptological activity Trump has created an effective way to exchange presidential kindness Accuses.
These attacks focus mainly on the controversial links of the President with World Liberty Financial and the privilege granted to his holders of his same.
The battle did not end. The project must still survive the plenary vote of the Senate, then face the investigation of the House of Representatives, where Republicans hold only a small majority. This complex political configuration could complicate the final acceptance of the text.
David Sacks, “Car of Ai and Kryptos” Trump’s administration, remains optimistic. He attempts to make solid bipartisan support to concretize the adoption of the brilliant law. At the same time, the stable law, its equivalent of the Chamber of Deputies of the representatives, continues its examination within the Finance Services Commission.
Main transformation for crypto ecosystem
This legislative procedure could revolution in the American Stablecoins industry. Genius requires strict warranty: Each stablecoin will have to be supported by US dollars or equivalent liquid assets.
The annual audits will be compulsory for issuers of more than $ 50 billion in capitalization.
Adoption of this law would significantly strengthen the competitive position of the United States in the face of other jurisdictions to friendly friends. It could also stimulate massive demand for US treasury accounts, analysts to predict purchases of $ 1,600 billion in T-Bills for four years.
This dynamics would consolidate the hegemony of the dollar in the world crypto of the universe, thus turning stabilcoins to the real pillars of American digital financing.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
