US Senate Advances GENIUS Act, Moving Crypto Regulation Forward

The US Senate has taken a significant step toward regulating cryptocurrency with bipartisan support for the GENIUS Act, paving the way for greater clarity and oversight in the digital asset market. Senator Cynthia Lummis’s bill, which gained momentum through recent weeks, is poised to establish stricter regulations for U.S.-based stablecoins like USDC and USDT. This key development signals progress toward a formalized framework for cryptocurrency and its associated assets.