The post GENIUS Act to Be Approved Next Week: U.S. Stablecoin Regulation on the Horizon appeared first on Coinpedia Fintech News
A major crypto milestone may be just around the corner. According to filmmaker and angel investor Paul Barron, the GENIUS Act, a landmark bill focused on regulating stablecoins, could pass as early as next week, citing direct sources from Washington.
This bill isn’t just another piece of legislation—it could redefine the future of U.S. crypto innovation.
Why the GENIUS Act Matters?
The GENIUS Act, short for “Guiding and Empowering the Nation for Innovation in U.S. Stablecoins”, was introduced in March 2024 by Senators Kirsten Gillibrand (Democrat) and Cynthia Lummis (Republican).
It was created to form clear, smart regulations for stablecoins that support innovation while safeguarding the financial system.
Meanwhile, the bill is seen as a step toward giving legitimacy and direction to crypto innovation in the U.S. Supporters say it will help small players get the same chances as big ones, since they’re often left out today.
Paul Barron also noted that this aligns with a broader vision tied to President Donald Trump’s economic strategy to make the U.S. a global leader in digital finance.
Crypto for the People, Not Just the Powerful
What sets the GENIUS Act apart is its potential to level the financial playing field. Paul Barron noted that small businesses, retail investors, and blockchain startups stand to gain the most.
By clearing up regulatory confusion, the bill could make it easier for innovative projects to grow in the U.S., without having to move overseas.
.article-inside-link {
margin-left: 0 !important;
border: 1px solid #0052CC4D;
border-left: 0;
border-right: 0;
padding: 10px 0;
text-align: left;
}
.entry ul.article-inside-link li {
font-size: 14px;
line-height: 21px;
font-weight: 600;
list-style-type: none;
margin-bottom: 0;
display: inline-block;
}
.entry ul.article-inside-link li:last-child {
display: none;
}
- Also Read :
- Donald Trump Declares U.S. Dominance in Crypto: “We’re Leading China”
- ,
Warren Pushes Back on Crypto Bill
Still, not everyone agrees with the bill. Senator Elizabeth Warren and her team are trying to slow it down or stop it. Warren has always been tough on crypto, and her pushback shows that Washington is still split, some support digital money, while others want stricter rules.
If passed, the GENIUS Act will mark a turning point for U.S. crypto regulation. By setting clear rules for stablecoins, it could bring legitimacy and stability to a space often criticized for chaos and risk.
.article_register_shortcode {
padding: 18px 24px;
border-radius: 8px;
display: flex;
align-items: center;
margin: 6px 0 22px;
border: 1px solid #0052CC4D;
background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%);
}
.article_register_shortcode .media-body h5 {
color: #000000;
font-weight: 600;
font-size: 20px;
line-height: 22px;
text-align:left;
}
.article_register_shortcode .media-body h5 span {
color: #0052CC;
}
.article_register_shortcode .media-body p {
font-weight: 400;
font-size: 14px;
line-height: 22px;
color: #171717B2;
margin-top: 4px;
text-align:left;
}
.article_register_shortcode .media-body{
padding-right: 14px;
}
.article_register_shortcode .media-button a {
float: right;
}
.article_register_shortcode .primary-button img{
vertical-align: middle;
width: 20px;
margin: 0;
display: inline-block;
}
@media (min-width: 581px) and (max-width: 991px) {
.article_register_shortcode .media-body p {
margin-bottom: 0;
}
}
@media (max-width: 580px) {
.article_register_shortcode {
display: block;
padding: 20px;
}
.article_register_shortcode img {
max-width: 50px;
}
.article_register_shortcode .media-body h5 {
font-size: 16px;
}
.article_register_shortcode .media-body {
margin-left: 0px;
}
.article_register_shortcode .media-body p {
font-size: 13px;
line-height: 20px;
margin-top: 6px;
margin-bottom: 14px;
}
.article_register_shortcode .media-button a {
float: unset;
}
.article_register_shortcode .secondary-button {
margin-bottom: 0;
}
}
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
.subscription-options li {
display: none;
}
.research-report-subscribe{
background-color: #0052CC;
padding: 12px 20px;
border-radius: 8px;
color: #fff;
font-weight: 500;
font-size: 14px;
width: 96%;
}
.research-report-subscribe img{
vertical-align: sub;
margin-right: 2px;
}
var templateIds = “6”;
var listOfSubscribed = [];
function subscribed_popupmodal(template_id) {
var templateId = ‘6’;
getAllSubscriberCategoryList([templateId]);
var subcribemodal = window.parent.document.getElementById(‘subscribe-modal-design’);
if (subcribemodal) {
var modalContent = `
Never Miss a Beat in the Crypto World!
Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now
`;
subcribemodal.innerHTML = modalContent;
}
subscribe_unsubscribe_status(template_id);
//getAllSubscriberCategoryList(template_id);
}
function toggleSubscription(subscription, template_id) {
var subscriptionCheckbox = document.getElementById(subscription + ‘_’ + template_id);
var li = document.getElementById(subscription + ‘Selected_’ + template_id);
if (subscriptionCheckbox.checked) {
li.classList.add(‘active’);
} else {
li.classList.remove(‘active’);
}
}
function getAllSubscriberCategoryList(getcategoryId) {
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘GET’,
data: {
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list’,
},
success: function(response) {
var result = JSON.parse(response.message);
if (result.status === true) {
var idstosubscribed = []
// Populate listOfSubscribed with subscribed category IDs
result.message.forEach(listofcategory => {
if (listofcategory.subscribe_status === 1) {
if (!listOfSubscribed.includes(listofcategory._id)) {
listOfSubscribed.push(listofcategory._id);
}
if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) {
idstosubscribed.push(listofcategory.news_cp_category_row_id);
}
}
});
idstosubscribed.forEach(id => {
var subscribeButton = document.getElementById(‘subscribe_’ + id);
var unsubscribeButton = document.getElementById(‘unsubscribe_’ + id);
if (subscribeButton && unsubscribeButton) {
subscribeButton.style.display = ‘none’;
unsubscribeButton.style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}
}
});
}
},
error: function(xhr, status, error) {
console.error(‘Error:’, error);
}
});
}
function subscribe_unsubscribe_status(getcategoryId) {
var elementTounsubscribe = parent.document.getElementById(‘unsubscribe_’ + getcategoryId);
var elementTosubscribe = parent.document.getElementById(‘subscribe_’ + getcategoryId);
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data: {
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list?category_row_id=’ + getcategoryId,
},
success: function(response) {
var result = JSON.parse(response.message);
if (result.status === true) {
parent.jQuery(‘.skeliton-loader-block’).hide();
var hasSubscribeStatusOne = false;
result.message.forEach(subscribeStatus => {
if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) {
hasSubscribeStatusOne = true;
}
if (subscribeStatus.notification_type === 3) {
parent.document.getElementById(‘monthlySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘monthly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘monthly_’ + getcategoryId).checked = true;
}
} else if (subscribeStatus.notification_type === 2) {
parent.document.getElementById(‘weeklySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘weekly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘weekly_’ + getcategoryId).checked = true;
}
} else if (subscribeStatus.notification_type === 1) {
parent.document.getElementById(‘dailySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘daily_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘daily_’ + getcategoryId).checked = true;
}
}
if (subscribeStatus.subscribe_status === 1) {
listOfSubscribed.push(subscribeStatus._id);
}
});
if (hasSubscribeStatusOne) {
elementTosubscribe.style.display = ‘none’;
elementTounsubscribe.style.display = ‘block’;
} else {
elementTosubscribe.style.display = ‘block’;
elementTounsubscribe.style.display = ‘none’;
}
}
},
error: function(xhr, status, error) {
console.error(‘Error:’, error);
}
});
}
function logSelectedSubscriptions(categoryid) {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
unsubscribemodal.innerHTML=”;
subscribedmodal.innerHTML=”;
var selectedSubscriptions = [];
var storeCheckedId = [];
var checkboxes = document.querySelectorAll(‘#subscription-options-‘ + categoryid + ‘ input[type=”checkbox”]’);
var errorMessage = document.getElementById(‘error-message-select’);
// Use a Set to handle unique data-ids
var uniqueSubscribedIds = new Set(listOfSubscribed);
checkboxes.forEach(function(checkbox) {
var dataId = parseInt(checkbox.getAttribute(‘data-id’));
if (checkbox.checked) {
selectedSubscriptions.push(checkbox.id);
storeCheckedId.push(dataId);
} else {
uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id
}
});
// Update listOfSubscribed with unique values
listOfSubscribed = Array.from(uniqueSubscribedIds);
var selectedSubscriptionsString = selectedSubscriptions.join(‘, ‘);
var concatinateSubscribeId = […new Set(storeCheckedId.concat(listOfSubscribed))];
var categoryData = {
‘subscribed_categories’: concatinateSubscribeId
};
var requestSubscriberData = {
action: ‘handle_dynamic_api_request_with_headers’,
security: ’81e1ca5091′,
endpoint: ‘/app/email_newsletter/update_categories’,
token: ”,
data: categoryData
};
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data: requestSubscriberData,
beforeSend: function(xhr) {
xhr.setRequestHeader(‘X-Requested-With’, ‘XMLHttpRequest’);
},
success: function(response) {
try {
response = response.data;
if (storeCheckedId.length === 0) {
var unsubcribedPopUpmodal =
`

You’ve Unsubscribed Successfully
We’re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community!
`;
unsubscribemodal.innerHTML = unsubcribedPopUpmodal;
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
unsubscribemodal.style.display = ‘block’;
unsubscribemodal.classList.remove(‘hide’);
unsubscribemodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘block’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘none’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘none’;
}
} else {
var subscribedPopupModal =
`

Thank you for subscribing!
Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!
`;
let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’);
let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]);
let subscribedCategoriesString = subscribedCategories.join(‘, ‘);
subscribedmodal.innerHTML = subscribedPopupModal;
if (document.getElementById(‘selectidname’)) {
document.getElementById(‘selectidname’).textContent = subscribedCategoriesString;
}
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
subscribedmodal.style.display = ‘block’;
subscribedmodal.classList.remove(‘hide’);
subscribedmodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘none’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}
}
} catch (e) {
console.error(‘Error parsing response:’, e);
}
},
});
}
function closeModal(template_id) {
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal
if (modal) {
modal.classList.add(‘hide’);
modal.classList.remove(‘show’);
setTimeout(function() {
modal.style.display = ‘none’;
}, 500);
} else {
console.warn(‘Modal not found:’, modalId);
}
}
function closeunsubscribemodal() {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
if (unsubscribemodal) {
unsubscribemodal.classList.add(‘hide’);
unsubscribemodal.classList.remove(‘show’);
}
setTimeout(function() {
unsubscribemodal.style.display = ‘none’;
}, 500);
}
function closesubscribemodal() {
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
setTimeout(function() {
subscribedmodal.style.display = ‘none’;
}, 500);
if (subscribedmodal) {
subscribedmodal.classList.add(‘hide’);
subscribedmodal.classList.remove(‘show’);
}
}
function withoutLoginClicked(withoutlogin_id) {
localStorage.setItem(‘subscribe_without_Login’, ‘true’);
localStorage.setItem(‘subscribe_clicked_id’, withoutlogin_id);
}
document.addEventListener(‘DOMContentLoaded’, function() {
const subscribewithoutData = localStorage.getItem(‘subscribe_without_Login’);
const subscribe_clicked_cat_id = localStorage.getItem(‘subscribe_clicked_id’);
// Function to get cookies
function getCookie(name) {
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();
}
// Get user token from cookies
const userToken = getCookie(‘user_token’);
if (subscribewithoutData === ‘true’ && userToken) {
// Call the modal function with the category ID
subscribed_popupmodal(subscribe_clicked_cat_id);
// Remove the flag and category ID from localStorage
localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);
}
});
/************************** update susbcriber content **************************** */
function initializeSubscriptionButton() {
var initialListItems = document.querySelectorAll(‘.subscription-options input[type=”checkbox”]’);
initialListItems.forEach(function(item) {
console.log(item.checked, ‘Initial Checkbox checked status’);
});
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});
}
function updateButtonText(anyActive) {
var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’);
if (subscribeButtonSpan) {
if (anyActive) {
subscribeButtonSpan.textContent=”Subscribe Now”;
} else {
subscribeButtonSpan.textContent=”Unsubscribe”;
}
}
}
function updateSubscriptionButton() {
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});
// Update the button text based on whether any list item has the ‘active’ class
updateButtonText(anyActive);
}
document.addEventListener(‘click’, function(event) {
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem) {
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();
}
}
});
FAQs
The GENIUS Act is a U.S. bill aiming to create clear rules for stablecoins and support crypto innovation while protecting the financial system.
Senators Gillibrand and Lummis introduced it to regulate stablecoins, promote innovation, and create a level playing field in the crypto space.
Kaynak : CoinPedia