Senate vote on stablecoins June 17

While the cryptography market desperately seeks management, the US Senate is preparing to lay the foundations for a legal framework for stablecoins. The voting of June 17 could very well reshuffle the game, both for institutions and digital giants.

The moment of truth for American stablecoins

The United States can be on the verge of a decisive step in the regulation of cryptocurrencies. It is not another rumor or a bill buried in committee: the American Senate will vote this Monday, June 17 on a text which could serve as a cornerstone for the stablecoins. The Genius Act, an acronym that smells of marketing strategy, intends to open the way, structure and legitimize a market still largely left to itself.

But behind the promise of a legal framework, political maneuvers and private interests blur the lines. This vote is not simply a technical decision: it embodies a real struggle of power between monetary innovation and institutional authority. And as often in the crypto, appearances can be misleading.

The law on engineering, far from being a legislative gadget, could become the first federal law to explicitly regulate stablecoins in the United States. In other words, the American government would finally stop looking at the explosion of stable assets circulating on blockchains and will begin to define the rules of the game.

This billIf it were approved, would impose a clear regulatory framework on companies issuing stabbed. This means that giants like Walmart or Amazon, who are already waiting in the wings, could officially enter this arena with state approval. Big Tech’s ambitions would thus be approved by legislators, sending a strong signal that worries certain senators.

Because the issues go beyond cryptocurrencies. It is a power struggle on the control of digital currency. And in this game, private companies move faster than public institutions. Unless the law can slow down or catalyze this movement.

Crypto and conflicts of interest: Trump’s shadow hides above the Senate

As is often the case in the main American maneuvers, the spotlights fall where the interests intertwine. The crypto is no exception: suspicion linger on opaque ties between the Trump family and World Liberty Financial, a company involved in the publication of a Stablecoin. Nothing proven, but sufficient to fuel mistrust.

Consequently, several modifications have been proposed to exclude any possibility of collusion between legislators and digital asset transmitters. The goal? To prevent some parliamentarians from legislating for their own benefit, or worse, for those of their loved ones. An initiative rented by the defenders of the ethical crypto but denounced by others as a means of indirectly slowing down the legislative process.

This tense climate did not prevent the Senate from adopting the steam procedure by 68 votes to 30. A revealing figure: the bill benefits from significant support, including within the Democratic majority. But the final vote remains hostage by a fragile political dynamic, and any change is always possible.

Crypto divided between two rooms, two visions of the future

While the Senate strives to regulate the stablecoins, the House of Representatives explores another path: institutional clarification. The Clarity Act, adopted in a committee, aims to distribute the responsibilities between the SEC and the CFTC for digital assets. The idea: to put an end to the current uncertainty which hinders innovation and motivates projects to more flexible jurisdictions.

But again, nothing is simple. The Republicans, closely in the majority, do not know if they have the necessary votes to adopt the bill. More importantly, the lack of bipartite consensus prevents a coherent global vision.

In the soul, what is at stake between the Senate and the Chamber is a battle of stories on the crypto: one speaks of stability and monetary sovereignty, the other defends innovation and regulatory clarity. But without coordination, these two approaches are likely to neutralize themselves.

The vote of June 17 goes far beyond the cryptographic sphere. It is not only a question of regulating the tokens supported in dollars. It is a question of deciding who will have the right to mentor the digital currency in the America of tomorrow: the state? Banks? Technology giants? Or an unstable mixture of the three?

While waiting for the verdict, the cryptography market holds its breath. Because whatever the result, the act genius opens a new era. An era in which decentralized finance, whether or not it likes it, will have to count with the law.

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