Polymarket predicts 89% chance of stablecoin regulation law passing

Traders at decentralized prediction market platform Polymarket indicate an 89% chance that the stablecoin regulation bill, the GENIUS Act, will become official legislation in the United States, Cointelegraph reported. The bill previously passed the final vote in the U.S. Senate and is now awaiting the House of Representatives' vote and President Donald Trump's signature. The GENIUS Act is a bill that imposes licensing requirements for stablecoin issuers, including 100% reserves, audit requirements for issuers with a market cap of $50 billion or more and regulations for foreign issuers. If passed, the legislation could become a benchmark for U.S. stablecoin regulation.