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The United States Senate is poised to cast a crucial vote on the GENIUS Act Crypto bill this Wednesday, June 11, 2025. Officially known as the Guiding and Establishing National Innovation in U.S. Stablecoins Act, this landmark legislation could dramatically reshape the regulatory landscape for dollar-pegged digital assets.
As bipartisan support gathers momentum, market participants, regulators, and the crypto industry are bracing for what may be a defining moment in U.S. financial policy.
Senate Gears Up for Final Decision
Senate Majority Leader John Thune filed for cloture on Monday, aiming to push the bill to a final vote. If the cloture motion receives the required 60 votes, the GENIUS Act Crypto legislation will proceed to a full Senate vote within the same week.
“This is not just a crypto bill; it’s a financial stability measure,” said Senator Cynthia Lummis (R-WY), one of the act’s co-sponsors.
The act has already cleared two major procedural hurdles, with bipartisan votes of 66–32 and 69–31 in late May, signaling strong congressional backing. However, not all lawmakers are on board.
Ethics Concerns and Political Controversy
Despite added amendments to address ethics and anti-money laundering (AML) provisions, critics argue the bill falls short in several areas. Most notably, the GENIUS Act Crypto bill bars members of Congress and executive-branch officials from issuing payment stablecoins, but excludes the President and their family from these restrictions.
“This bill still creates a loophole that could allow direct presidential profiteering from digital asset markets,” said Senator Elizabeth Warren (D-MA), who remains a vocal critic.
The ethics gap has become a flashpoint among Democrats, even as the party increasingly aligns with pro-crypto interests heading into the 2026 midterms.
Key Provisions of the GENIUS Act Crypto Bill
The bill introduces several sweeping reforms:
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Establishes a federal regulatory framework for USD-pegged stablecoins.
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Requires issuers to hold one-to-one reserves and maintain compliance with AML/KYC standards.
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Introduces strict rules on bankruptcy priority, naming conventions, and national security screenings.
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Limits issuance by foreign firms and non-financial corporates unless they receive approval from a joint financial committee.
These provisions make the GENIUS Act Crypto bill one of the most comprehensive stablecoin laws ever considered in the U.S.
Crypto Lobbying and the 2026 Elections
The bill’s progress marks the increasing influence of crypto PACs in Washington. Industry groups have intensified lobbying efforts, spending a reported $78 million in the first half of 2025 alone. If passed, the GENIUS Act Crypto legislation could serve as a template for broader regulatory initiatives.
“This is a foundational step. It paves the way for comprehensive digital asset regulation in 2026 and beyond,” said Kristin Smith, CEO of the Blockchain Association.
Conclusion
As the Senate prepares for a critical vote, the crypto community awaits with cautious optimism. The GENIUS Act Crypto bill represents a landmark effort to bring legitimacy, compliance, and accountability to the stablecoin ecosystem.
Yet the outcome remains uncertain, hinging on a complex balance of political interests, ethical considerations, and market readiness. Whether it becomes law or not, the act has already shifted the conversation, making stablecoin regulation an irreversible priority on Capitol Hill.
FAQs
1. What is the GENIUS Act Crypto bill?
It’s a U.S. Senate bill aimed at establishing a regulatory framework for USD-pegged stablecoins.
2. When will the Senate vote take place?
The cloture vote is scheduled for Wednesday, June 11, 2025.
3. What are the main concerns about the bill?
The exclusion of the President and their family from stablecoin issuance restrictions is a major ethical concern.
4. How has the market responded?
Stablecoin volumes surged, reflecting growing anticipation ahead of the vote.
5. Will this affect the broader crypto industry?
Yes. If passed, it could lead to more comprehensive crypto regulation and increased institutional adoption.
Glossary
Stablecoin: A cryptocurrency pegged to a stable asset, usually the U.S. dollar.
Cloture Vote: A Senate procedure to end debate and proceed to a final vote.
AML/KYC: Anti-Money Laundering / Know Your Customer regulations.
USD-Pegged: A digital asset whose value is tied to the U.S. dollar.
PAC: Political Action Committee, often used to fund lobbying or election efforts.
