Crypto industry brushes off failed stablecoin vote

From thehill.com

The crypto industry is brushing off a failed vote on a stablecoin bill in the Senate, underscoring recent progress and their hope that this isn’t the end of the line for crypto legislation. Democrats on Thursday blocked the Senate from moving forward with consideration of the GENIUS Act, which would create a regulatory framework for payment stablecoins. The bill was voted down 48-49, falling short of the 60 votes required to bring it closer to final passage. The vote was split almost entirely along party lines, after bipartisan support for the legislation fell apart last week. “It’s gonna live to fight another ... (full story)