Stablecoin GENIUS Act May Pass US Senate Mid-May Sources Say

• Lawmakers and analysts agree that the GENIUS Act bill is close to approval.
• The GENIUS Act will provide fair competition in the finance sector.
• Cynthia Lummis targets May 26 for the Stablecoin GENIUS Act approval.

Recent developments surrounding the proposed Stablecoin GENIUS Act indicate a growing optimism for its potential approval in the US Senate in the coming days or weeks. 

Pro-crypto senators are reportedly expressing confidence about the proposed legislation, leading many cryptocurrency enthusiasts to believe the bill is moving in the right direction toward becoming law. 

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

Supporters Eye Mid-to-Late May Passage Despite Opposition

One such crypto supporter claims sources within the US government speculated the US Senate would pass the bill in the third week of May. In his latest post on X, the crypto supporter highlighted effort…

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