Breaking News: Global Stablecoin Regulation Advances as U.S. Senate Approves GENIUS Act
The regulatory landscape for stablecoins is rapidly evolving, with significant developments occurring both in the United States and Europe. On June 11, the U.S. Senate voted overwhelmingly to move forward the GENIUS Act, which aims to establish a clear and rigorous regulatory framework for U.S. stablecoins. Meanwhile, Europe is experiencing steady stablecoin integration, with most companies citing competitive pressure rather than innovation as a driving factor.
GENIUS Act Advances in U.S. Senate: What You Need to Know
The United States Senate voted with a large majority of 68 votes in favor and 30 against to invoke the cloture on the GENIUS Act. This crucial step puts an end to parliamentary obstructionism and paves the way for the final vote with a simple majority. The bill aims to ensure that each stablecoin is backed one-to-one by safe and highly liquid assets, primarily U.S. Treasury securities or insured deposits. Issuers will not be able to promise returns on stablecoins, and reserves must be completely separated from operational capital.
Additionally, the GENIUS Act requires issuers to adopt conformity programs that include customer due diligence and reporting suspicious activities, aligning with the Bank Secrecy Act. Operators holding over $10 billion in liabilities will need to obtain a federal license, while smaller issuers can operate under state regimes, subject to joint oversight.
Europe’s Measured Approach to Stablecoin Integration
In Europe, the adoption of stablecoins is proceeding methodically but decisively. According to recent surveys, only 18% of European companies view regulation as an obstacle, largely attributed to the clarity introduced by the MiCA regulation. About 58% of European companies have already implemented or plan to use stablecoins in payment flows. The adoption is primarily motivated by competitive pressure, with 37% of companies stablecoins to maintain their strategic advantage.
Security remains a key concern, with 42% of companies fearing risks associated with legacy infrastructure and 35% recognizing greater safety as a primary benefit. Preparation for stablecoin integration is high, with 85% of companies having ready-made infrastructures and 88% establishing operational partnerships. However, technological support with integrated compliance functions remains crucial.
The Role of Best Wallet in Stablecoin Adoption
With the increasing regulation and safer digital infrastructure, solutions like Best Wallet are emerging as key tools for navigating the new phase of cryptocurrency adoption. Best Wallet, one of the most advanced crypto wallets in 2025, supports over 60 blockchains, offers integrated DEX, multi-wallet management, and direct access to presales through the upcoming tokens function. It also includes a staking aggregator to maximize returns.
The native token, $BEST, plays a central role within the ecosystem, offering early access to emerging projects, platform governance, reduced exchange commissions, cashback on purchases with the Crypto Card, and an annual staking yield of 10.5%. The token is currently priced at $0.025185, with a presale that has surpassed $13 million, attracting the attention of crypto analysts.
