Crypto advocacy groups are intensifying efforts to ensure the swift passage of the GENIUS Act, a significant stablecoin bill, in the Senate.

This bill seeks to establish a federal framework for U.S.-dollar-backed stablecoins. Having cleared a crucial 66-32 procedural vote, proponents caution that unrelated amendments could potentially obstruct progress.

The urgency from lobby groups highlights the importance of the legislation for the crypto sector's evolution.

These developments are pivotal for ensuring regulatory clarity and fostering innovation within the stablecoin arena.