Senate to Vote on US Stablecoin Bill (GENIUS Act) on the 17th… House Review and Trump Signing Expected by Mid-July

# U.S. Stablecoin Legislation, GENIUS Act, Heads for Senate Final Vote on June 17 The U.S. Senate is set to hold a final vote on the much-awaited stablecoin legislation, formally known as the GENIUS Act, on Tuesday, June 17. If the bill successfully passes the Senate, progresses through the House of Representatives, and secures the President's signature, the legislation could be enacted as early as mid-July. According to major reports on June 13, the GENIUS Act cleared the Senate's cloture vote on June 11, allowing the bill to proceed to a full Senate vote within a 30-hour window. Subsequently, the Senate leadership announced that the final vote on the bill would occur on June 17. # Legislative Process and Next Steps If the Senate passes the GENIUS Act, including any amendments approved by the Senate, the legislation will move to the House of Representatives. Generally, the House takes one to two weeks during its legislative session to review and vote on bills. If the House approves the Senate version without additional amendments, the legislation will go directly to the President for signing. However, if the House proposes further amendments, a conference committee with members from both chambers will be set up to reconcile the differences in the bill's language. This step could delay the legislative timeline from several weeks to months, depending on the negotiations' complexity. # Timeline for Passage Under the current legislative schedule, a House vote is expected between June 24 and July 1, followed by the President’s signature between July 7 and July 14. However, if a conference committee is required, the timeline for the President’s signature could extend to late July or early August. Given that Congress starts its summer recess in early August, any delays beyond this period may postpone the finalization of the GENIUS Act until mid-August or later. The GENIUS Act represents a crucial moment in stablecoin regulation. Its progression through Congress is being closely monitored by policymakers, industry stakeholders, and global markets.