Senate Advances GENIUS Act, Signaling Major Stablecoin Regulation

The U.S. Senate passed the GENIUS Act, a bipartisan bill aiming to regulate stablecoins, taking a significant step towards comprehensive regulatory changes for digital currencies. The legislation has moved past procedural hurdles and gained momentum thanks to strong support from both sides of the aisle. This vote signifies an imminent shift in how stablecoins are regulated within the U.S., with potential effects felt across the tech and financial sectors. ]