According to Crypto Rover, the Senate will hold its final passage vote on the Genius Stablecoin Bill today at 4:30 PM, with approval signaling a potential bullish impact across crypto markets. This vote is the last legislative hurdle before the bill moves to the House, and traders are closely watching for regulatory clarity that could benefit major cryptocurrencies like BTC, ETH, and stablecoins. A positive outcome may drive increased institutional investment and trading volume, as regulatory certainty often reduces risk premiums and supports price appreciation. Source: Crypto Rover on Twitter.

According to Crypto Rover, the newest version of the Genius Stablecoin Bill will bring Tether under US jurisdiction regardless of its operational base. This regulatory update, reported by Unchained on May 10, 2025, signals potential increased oversight and compliance requirements for Tether, the largest stablecoin by market cap. For crypto traders, this move may result in heightened transparency but could also introduce tighter controls on USDT issuance and redemption. Such regulatory shifts often impact liquidity, trading volumes, and the stability of USDT trading pairs across global exchanges. Active traders should closely monitor US policy developments, as similar actions could extend to other stablecoins and reshape the stablecoin landscape and arbitrage opportunities. (Source: Crypto Rover via Twitter, Unchained)