PANews reports on May 20th that U.S. Senator Cynthia Lummis stated on social media that digital assets represent the future, and the United States is now one step closer to leading this field. This statement came shortly after the Senate's procedural vote on the stablecoin bill "GENIUS Act". The bill aims to establish a regulatory framework for stablecoins and their issuers. Previously, Democrats collectively obstructed the bill's progress, expressing concerns about former President Trump's involvement in cryptocurrencies and consumer protection provisions. Although Senator Warren remains strongly opposed, several Democrats have changed their stance and are pushing the bill forward. The bill still needs to be coordinated between the Senate and House of Representatives and ultimately signed into law by the President.
