U.S. Senate Advances Stablecoin Regulation Bill: GENIUS Act Moves Forward

The U.S. Senate has taken a crucial step towards regulating stablecoins, advancing the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a 68-30 vote. This move follows the bill’s introduction over a month ago. Senator John Thune, Senate Majority Leader, expressed support for the legislation during a floor speech, aligning with President Trump’s vision of the U.S.’s role in cryptocurrency leadership. This advancement paves the way for further debate and a full vote on the bill before it proceeds to the House of Representatives for consideration.