Senate Moves Closer to Finalizing GENIUS Act for Stablecoins – Coincu

By: bitcoin ethereum news|2025/05/16 09:30:06

Consensus reached on 90% of stablecoin bill; ethical concerns remain. 100% reserve backing mandated for issuers with audits for larger firms. Democrats require stricter controls over stablecoin interests for officials. Senate negotiators are close to agreeing on the GENIUS Act, with consensus reached on 90% of its terms. The bill’s broader implications could reshape stablecoin regulation, influencing market trust and operations. Negotiations on the GENIUS Act , a significant U.S. stablecoin bill, have progressed, with 90% of terms agreed upon. Key issues involve ethical standards for government-related figures and requirements for public companies issuing stablecoins. Actions involved discussions between U.S. Senators and crypto industry leaders. 90% Consensus Reached on GENIUS Act Terms Despite the positive advances , the remaining 10% of unresolved concerns relate to conflicts of interest involving public officials engaging in stablecoin businesses. Institutional shifts emphasize the 100% reserve backing requirement, heralding increased regulatory scrutiny for foreign issuers. “I’m very optimistic a vote on the bill could happen soon ... [senators] from across the country contributed to making the stablecoin bill better,” said Senator Kirsten Gillibrand. Market responses include cautious optimism, indicated by the narrow fluctuation of stablecoin prices like USDT. Key statements issued by Senator Kirsten Gillibrand highlight the necessity for bipartisan backing, with Democrats insisting on stricter restrictions on stablecoin holdings by government officials. Stablecoin Regulations: Shaping Market Trust and Operations Did you know? Last negotiations over stablecoin rules faced similar conflicts back in 2023, highlighting how major reforms often stall over ethical and transparency concerns. According to CoinMarketCap, Tether USDt (USDT) maintains a stable price at $1.00 with a market cap of $150.69 billion as of May 15, 2025. Key statistics show USDT’s 24-hour trading volume at $90.17 billion, reflecting minor price shifts over the past few months. Tether USDt(USDT), daily chart, screenshot on CoinMarketCap at 23:50 UTC on May 15, 2025. Source: CoinMarketCap Coincu research suggests a pivotal impact of these regulations on global financial structures , enhancing market stability and trust. Improved transparency measures may encourage broader institutional adoption , while technology advancements remain crucial for future adherence to regulatory standards. Source: https://coincu.com/337841-senate-nears-genius-act-consensus/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.