U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead
The first week of June could turn 2025 crypto policy gains into enforceable deadlines. Comment periods on the GENIUS Act’s stablecoin rules are closing, shifting the debate from legislation to the operating requirements issuers must follow. Key outcomes include who can issue stablecoins, reserve requirements, and whether yield-bearing products remain allowed. Banks are pressing to delay rollout, and that fight has already slowed the Clarity Act. The Senate will reopen floor debate on June 3. Meanwhile, stablecoin supply has reached a record $322 billion, reinforcing its role as a bridge between traditional finance and digital liquidity. Regulators, including the ECB, are also watching stablecoins for their potential to strengthen dollar dominance. Macro risks remain important, with Fed expectations and Middle East developments still capable of shifting market sentiment.
