June 2025 Digital Assets Industry Update: Stablecoin Regulation Moves Closer to Reality

Regulatory momentum in the digital asset space is building. U.S. lawmakers are taking increasingly decisive steps to define the legal boundaries for stablecoins, exchanges, and blockchain-based financial products. As these discussions progress, digital asset companies should prepare for a future shaped by formal oversight, evolving compliance expectations, and changing market expectations.

This month’s update spotlights one of the most significant regulatory developments to date – and what it could mean for the industry.

General Industry Update

Senate Advances GENIUS Act, Paving Way for Final Stablecoin Legislation

On May 19, 2025, the U.S. Senate voted to advance the GENIUS Act, a pivotal stablecoin bill, with over 60 senators supporting the motion to proceed. This vote removes a key procedural hurdle and allows the bill to enter a final debate phase. The previous attempt on May 8 failed due to bipartisan concerns around consumer protection and national security.

While recent revisions to the bill’s language were modest, they proved persuasive enough to shift the positions of several lawmakers, including Senators Ruben Gallego and Mark Warner. Meanwhile, the House is advancing its own version of the legislation, which also aims to establish a regulatory framework for stablecoins and their issuers in the U.S.

How to Navigate Stablecoin Regulation With Confidence

With the Senate advancing the GENIUS Act, stablecoin regulation is no longer theoretical – it’s imminent. Navigating this shift requires advisors who understand the space and can guide businesses through complex regulatory change.

Wolf & Company, P.C. has been preparing for this moment. We’ve built one of the most experienced digital asset practices in the country. From stablecoin issuers to exchanges and custodians, we provide the audit, tax, and advisory services needed to lead with confidence in a rapidly evolving landscape.

Partner with Wolf’s expert digital asset team to navigate the new regulatory landscape by contacting us today.