Next week, the US Senate is expected to pass the GENIUS Act, aimed at creating a regulatory framework for stablecoins, which could significantly impact the financial markets.
Objectives and Content of the GENIUS Act
The GENIUS Act, introduced by Senator Bill Hagerty in February 2025, aims to stabilize the influence of the US dollar by establishing clear rules for stablecoins. Consumer protection is also emphasized in the proposal.
"Next week will be historic when we pass the GENIUS Act that establishes the first-ever pro-growth regulatory framework for payment stablecoins," said Senator Hagerty.
Bipartisan Support and Expectations
Support for the legislation from both Republicans and Democrats highlights a growing interest in stablecoin regulations. Hagerty stressed the importance of US leadership in financial markets on the global stage.
Consequences for the Financial Market
Analysts expect that the passage of the GENIUS Act will lead to increased demand for US Treasury securities and positively impact the country's financial stability. Concerns have been raised that if the Act is not passed, regulatory progress may be delayed until 2029.
The GENIUS Act, reflecting bipartisan support, promises significant changes in the regulation of stablecoins in the US, which could strengthen the country's positions in financial markets and foster technological innovations.
