Senate Clears Path for Stablecoin Regulation with GENIUS Act Advance

A major step forward in US stablecoin regulation has been taken as the Senate cleared a procedural hurdle for the bipartisan GENIUS Act. The bill, aiming to create a framework for stablecoin issuance and operations, passed with support from over 60 Senators following an earlier attempt that failed due to concerns about consumer protection and national security. This latest vote marks progress towards clearer rules for the digital dollar landscape.