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Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.
The legislation, known as the Genius Act, moves to the House, where passage is viewed in Washington as likely, before Trump’s ...
The U.S. Senate, once a pit of quicksand for industry-friendly cryptocurrency legislation, is poised to hand digital asset firms one of their biggest lobbying wins ever Tuesday afternoon. But crypto ...
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