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This week, the U.S. Senate Banking Committee plans to vote on a bipartisan bill aimed at regulating stablecoins and enhancing consumer protection. Introduced by Senators Bill Hagerty (R-TN) and Tim Scott (R-SC), the GENIUS Act seeks to clarify the regulatory framework for stablecoins in the U.S., with provisions addressing reserve requirements, audits, transparency, and licensing for issuers. If passed Thursday, the legislation would provide a clear path for stablecoin issuers and further advance President Donald Trump’s crypto policies as the U.S. attempts to cement regulatory clarity for the industry.