U.S. Senate Advances Stablecoin Act for Debate, Signaling Shift in Crypto Regulation

The U.S. Senate voted to advance the GENIUS Stablecoin Act, paving the way for debate and potential legislative action. This bipartisan move signifies a significant shift in how the U.S. regulates digital finance, potentially boosting its global leadership in the space. 15 Democratic senators, including Catherine Cortez Masto and Adam Schiff, joined Republicans in supporting the legislation, signaling a growing consensus on the need for clear regulations within the rapidly evolving industry.