GENIUS Act Heads For Cloture Vote on May 19

By: bitcoin ethereum news|2025/05/16 19:30:09
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The United States Senate is preparing for a crucial vote on the Stablecoin Bill, dubbed the GENIUS Act, this coming Monday. After several delays, the bill is finally moving forward with a ‘cloture vote’ scheduled by Senate Majority Leader John Thune. The decision marks a turning point for stablecoin regulation in the country, a development that has also drawn national attention and renewed urgency among lawmakers. Stablecoin Bill Advances To Cloture Vote Stage In her latest post on X , American Journalist Eleanor Terrett reported that Senator Thune had officially filed for cloture on the GENIUS Act, setting the vote for May 19. This move signals a final push by lawmakers to bring the legislation to the floor after a series of back-and-forth debates. According to Senate sources, a bipartisan amendment is also under review. The discussed changes include stricter rules for tech companies involved in financial assets, better consumer protection, and tighter oversight of government officials, including figures like Elon Musk. They also include clearer rules to prevent the misuse of FDIC insurance and reinforce bankruptcy protections. These updates could help the bill gain broader support across both parties. The vote will determine whether the Senate is ready for digital asset legislation that balances financial innovation with accountability. The GENIUS Act: Here’s What It Entails Senator Bill Hagerty introduced the Bill to regulate stablecoin in the US, laying out a regulatory framework for the token issuers. Stablecoins are digital tokens tied to the U.S. dollar, and the bill focuses on ensuring that issuers follow strict rules on licensing, asset backing, and transparency. Under the proposed law, large issuers with over $10 billion in assets would fall under the Federal Reserve’s supervision, while state authorities would regulate smaller ones. All issuers must back their stablecoins with assets like U.S. dollars or Treasury bills. The bill also promotes financial inclusion and aims to help the U.S. dollar remain strong in global markets. STABLE Act Amid Push for Crypto Oversight While the Senate prepares for the GENIUS Act vote, the House has already passed a similar stablecoin bill called the STABLE Act . This legislation sets rules for all U.S. dollar-backed stablecoins, including popular tokens like Tether (USDT) and USD Coin (USDC). Lawmakers backing the STABLE Act believe it will give consumers more protection and help maintain the United States’ leadership in financial technology. Congressman Dan Meuser and other supporters say it creates needed guardrails as digital currency use grows. The bill also seeks to stop risky practices by requiring full transparency from stablecoin companies. CoinGape also noted that the United States Congress is looking to accelerate crypto oversight with the new stablecoin bill. Lawmakers believe the GENIUS and STABLE Acts aim to bring order to a rapidly evolving part of the financial system. ✓ Share: Godfrey Benjamin Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/stablecoin-bill-genius-act-heads-for-cloture-vote-on-may-19/

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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