June’s first week could be a decisive one for the U.S. crypto industry, with two major regulatory events set to occur within the next 48 hours. The first comes on June 2, when key public comment periods related to stablecoin regulation come to an end. 

Attention will then shift to Washington on June 3, as the Senate returns to continue discussions on the CLARITY Act.

The first key deadline centers on the GENIUS Act’s stablecoin framework. Comment periods for the Treasury Department, FDIC, and FinCEN-related proposals are closing, marking the transition from legislative debate to real-world implementation. 

The decisions that follow could determine who is allowed to issue stablecoins, what reserves they must maintain, and whether…