From Financial Modeling Prep: 2025-05-20 06:56:00

The GENIUS Act, a Republican-sponsored bill, passed a cloture vote in the Senate, aiming to create a Stablecoin Certification Review Committee for clear rules on stablecoin issuers like USDC and USDT. The bill establishes a tri-agency committee to vet issuers, setting capital requirements and anti-money-laundering protocols to boost trust in stablecoins.

Stablecoins are crucial for crypto trading due to liquidity and speed, but lack transparency. U.S. lawmakers tightening oversight may impact market stability. FMP’s Cryptocurrency Daily API offers real-time data on USDC, USDT, and other tokens for tracking peg stability and trading volumes.

Investors should stay informed on crypto regulation changes. FMP’s Crypto News API aggregates headlines on stablecoin legislation, enforcement actions, and global regulatory updates for proactive risk management.

Key takeaways: Regulatory clarity can reduce risk and boost institutional adoption of stablecoins. Issuers meeting certification standards may see better liquidity. Senate votes and presidential approval could cause price swings—use real-time API feeds to manage exposure effectively.



Read more at Financial Modeling Prep:: U.S. Senate Advances GENIUS Act to Regulate Stable…