Cryptocurrency users are placing bets on the likelihood of the GENIUS Act, which seeks to regulate payment stablecoins, moving forward after the US Senate's critical vote. The bill passed with a vote of 68-30, prompting Polymarket to launch betting markets, suggesting an 89% chance of the bill being signed into law by President Trump before 2026. Although the Senate has approved the legislation, its future in the House remains uncertain, especially regarding possible amendments reflecting concerns over Trump's ties to the crypto sector. If enacted, this legislation could pave the way for US companies to issue their own stablecoins and engage in crypto transactions. Trump has backed the Act without any add-ons, and a Republican majority in the House may soon face a vote on establishing a framework for crypto market structure via the CLARITY Act.

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