Crypto enters a week under high tension between regulation and economic data
The week of June 1 marks a concrete shift in the regulation of stablecoins in the United States. The public consultation periods on the GENIUS Act are coming to a close. Meanwhile, the Senate is reopening discussions to unify the crypto legislative framework before summer. The U.S. employment figures, on the other hand, could change the game in the markets.
In short
On June 2, the public consultations from the U.S. Treasury, FDIC, and FinCEN on the GENIUS Act will close.
On June 3, the Senate resumes discussions on the Clarity Act, aiming for a signature in August.
On June 5, the report on non-farm payrolls will be released, with a forecast of 96,000 jobs.
The GENIUS Act enters its operational phase
Since its adoption in July 2025, the GENIUS Act has established the federal framework for payment stablecoins. What wraps up this week is not just a formality. In fact, the responses collected by the Treasury, FDIC, and FinCEN will directly feed into the rules that issuers will have to comply with daily.
However, the banking sector has not remained silent. Behind the American Bankers Association and the Bank Policy Institute, led by Jamie Dimon, financial institutions are particularly looking to block any form of yield offered by stablecoins, fearing a deposit flight towards competing products.
This tension has already slowed down negotiations on the Clarity Act, which was stalled for months before the Senate picked it up again on June 3.
$CLANKER
$ACT $GENIUS #Criptos