The U.S. Senate is scheduled to vote on the GENIUS Act on June 17, 2025, after invoking cloture with a 68-30 vote. The bill seeks to create a regulatory framework for stablecoins, requiring issuers to maintain full reserves and submit to audits if their market cap exceeds $50 billion. While it has garnered bipartisan support, some senators, including Josh Hawley, oppose the bill, citing concerns about its implications for Big Tech. Concurrently, the House is advancing the CLARITY Act to clarify regulatory roles over digital assets, but the fate of both bills remains uncertain due to potential partisan divides.