The most anticipated cryptocurrency-related bill is expected to go to a final vote in the U.S. Senate next Tuesday.

## Finally, it is heading towards passage in both houses.

The U.S. Senate is scheduled to hold a final vote on the highly anticipated stablecoin regulation bill “GENIUS Act” next Tuesday (U.S. time, the 16th). The Senate Democratic Party’s official website announced the schedule in a notification on the 12th, and the specific time will be determined through discussions between the Senate Majority Leader and the Democratic leadership.

The bill introduces comprehensive regulations that require stablecoins to be fully backed by the US dollar or equivalent liquid assets. It mandates annual audits for issuers with a market capitalization exceeding $50 billion and also establishes regulatory guidelines for foreign issuers.

The Senate passed a motion to end debate on the GENIUS Act this Wednesday, paving the way for a final vote. The Trump administration’s advisory group has expressed support for the bill this week, and the President aims to enact it by August.

If the bill passes the Senate, it will move on to deliberation in the House of Representatives. The House Financial Services Committee has already approved its own stablecoin bill, the “STABLE Act,” in May, and adjustments between the two chambers are expected to be the focus going forward.

Following the progress of the bill, the stock price of Circle, the USDC issuing company that just went public through an IPO last week, recorded an increase of over 25% on the 13th, reaching an all-time high.

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