Senate Advances Stablecoin Bill: Democrats Key To Bipartisan Push For Digital Asset Regulation

The U.S. Senate has taken a significant step towards regulating cryptocurrencies by advancing a major stablecoin bill, with crucial support from a group of Democratic Senators who broke ranks to vote in favor. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act cleared a key procedural hurdle with 66 senators voting in favor and 32 opposed. This advancement signals growing bipartisan consensus on the need for oversight of digital assets, though the path towards full Senate passage remains uncertain.