The U.S. Senate is close to passing the GENIUS Act, a major stablecoin regulation bill championed by Sen. Cynthia Lummis. Speaking at Bitcoin 2025 in Las Vegas, Lummis highlighted the unexpectedly challenging legislative process. Recently, the bill passed the crucial 60-vote threshold, allowing it to progress to the final discussion stage.

The bill's progress marks a significant moment for stablecoin regulation in the United States, as previous attempts were hindered by bipartisan opposition, with figures like crypto critic Sen. Elizabeth Warren blocking earlier efforts.