GENIUS act could see Senate vote this week as amendments heat up

The U.S. Senate is preparing for a potential vote on the GENIUS Act this week, with bipartisan negotiations intensifying, according to Crypto in America. The bill focuses on stablecoin regulations, including issuer licensing and reserve requirements. Other proposed amendments include new disclosure rules and foreign ownership restrictions. A key point of contention is the Credit Card Competition Act, which could delay progress. If all goes smoothly, a vote could occur before the week's end.