TLDR
- The GENIUS Act will face a Senate vote in mid to late May.
- Pro-crypto senators are confident that the bill will pass despite opposition.
- Senator Cynthia Lummis and Senator Kirsten Gillibrand support a late May timeline.
- The GENIUS Act aims to regulate stablecoins and protect smaller financial participants.
- Opposition from Senator Elizabeth Warren may lead to changes, but not to the bill’s core features.
According to emerging developments in Washington, the proposed GENIUS Act may soon receive Senate approval. Despite opposition, multiple sources suggest the bill could pass in mid to late May. Supporters believe the GENIUS Act will transform financial markets and help establish strong cryptocurrency regulations nationwide.
Pro-Crypto Senators Signal Confidence as GENIUS Act Gains Momentum
Support from leading pro-crypto senators continues to grow, with many expressing optimism about the GENIUS Act’s path forward. They believe bipartisan backing and recent amendments increase its chances of success in the Senate. While opposition remains, the bill’s core framework appears intact.
SCOOP: My DC sources indicate that the #GENIUSACT could be passed in the next week. Clear efforts by @SenWarren and key staff members on the Hill have been made to thwart this legislation. Yes, there will be some changes to this bill, but the core of #stablecoin legislation to…
— PaulBarron (@paulbarron) May 16, 2025
Senator Cynthia Lummis mentioned May 26 as a possible target date, aligning with Memorial Day discussions in the chamber. Senator Kirsten Gillibrand reportedly supports this projection and emphasized the importance of timely action. Meanwhile, other lawmakers believe the GENIUS Act could advance earlier, possibly in the third week of May.
The bill’s supporters claim it addresses key gaps in stablecoin regulation, especially around consumer protections and issuer obligations. According to sources, it would promote innovation while ensuring accountability for stablecoin issuers. These regulatory measures aim to create a competitive and safe environment for digital finance.
Senate Moves Forward with GENIUS Act
Although resistance continues from some anti-crypto lawmakers, it has not significantly altered the GENIUS Act’s primary objectives. Senator Elizabeth Warren and certain Capitol Hill staff members have pushed for modifications. However, analysts suggest these limited changes will not undermine the bill’s core intent.
The proposed GENIUS Act is designed to support financial inclusion and protect small participants in the digital asset space. Its authors believe fair regulation can enhance access to stablecoin-based solutions for everyday financial needs. The bill also outlines clear licensing standards for stablecoin issuers.
Reports suggest that debates remain over specific language, but consensus is building around key parts of the legislation. As momentum grows, political observers expect compromise over secondary clauses. The GENIUS Act remains on track to move forward despite internal disagreements.
GENIUS Act Seen as Central to US Crypto Leadership Strategy
The bill is promoted as a step toward national leadership in blockchain policy and digital asset integration. Supporters believe it aligns with wider goals to modernize financial systems through responsible cryptocurrency adoption and views it as a framework for future legislation across digital finance.
According to a self-described angel investor, the bill also complements former President Donald Trump’s broader plans to prioritize crypto innovation. He claimed internal government discussions support the notion of Senate approval during the third week of May. Proponents argue the bill will enhance US’s credibility in global crypto policy development.
House Financial Services Committee Chair French Hill maintains that the GENIUS Act and other financial reforms could be signed into law before August. He confirmed that the legislative process is advancing steadily with coordinated efforts across congressional bodies.
