U.S. Stablecoin Regulation Law, Senate Final Deliberation Begins… Will The Market Landscape Change?

U.S. Senate's biggest cryptocurrency supporter, Cynthia Lummis (source: The Block)

A key bill that will set the standards for the Stablecoin market in the U.S. Congress has entered the final review stage in the Senate. Wyoming Republican Senator Cynthia Lummis, who has expressed a pro-cryptocurrency stance, announced at the 2025 Bitcoin Conference that the Stablecoin regulation bill GENIUS is set for the final Senate review.

This bill passed a preliminary vote on the 20th, moving into the Senate's final review process. If the bill is approved in the final review, it will become the first cryptocurrency-related bill to pass the Senate Banking Committee in 8 years.

The GENIUS Act imposes requirements for Stablecoin issuers to obtain licenses, secure 100% reserves, and disclose information. This is read as a willingness to establish a much stricter regulatory regime compared to the existing autonomous structure of the cryptocurrency market.

This bill is drawing attention in the industry as it may become a standard for the operation of Stablecoins in the U.S. in the future. If clear standards for the issuing entity, reserve structure, and consumer protection mechanisms are established, the entry into the regulated sector is expected to accelerate, while some companies may face considerable burdens.

Senator Lummis emphasized about the bill, saying, "It will be an important first step in increasing market trust and developing a healthy cryptocurrency ecosystem."