Senate Advances Historic Stablecoin Bill: GENIUS Act

The U.S. Senate voted to advance the key stablecoin legislation, known as the GENIUS Act, marking a significant step towards digital payment innovation in America. The vote, with 66-32 support, sets the stage for further debate and potential amendments before a final vote on the bill. Crypto industry leaders and pro-crypto senators have celebrated this historic move, citing its potential to revolutionize the U.S. financial system.