GENIUS Act Advances in Senate: A Major Step Forward for Stablecoin Regulation

The U.S. Senate has taken a significant step forward in regulating stablecoins with the advancement of the GENIUS Act. This bipartisan bill, which stands for Guiding and Establishing National Innovation for U.S. Stablecoins, passed a crucial 66-32 vote, signaling a major shift in crypto legislation. This act will now move to the House for further consideration, where it could merge with the STABLE Act for a unified framework.