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Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win
The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government. The bill passed with a 68-30 vote. It’s a milestone day for the crypto industry, which put around $250 million into the 2024 cycle to elect what’s now considered to be the most pro-crypto Congress in U.S. history, and for President Donald Trump’s sprawling digital asset empire. “The GENIUS Act will protect consumers, enable responsible ... (full story)
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