U.S. Senate Advances Stablecoin Regulation Bill, Signaling Bipartisan Support

The U.S. Senate has taken a significant step towards regulating stablecoins with the passage of the GENIUS Act, which garnered bipartisan support. The bill cleared its procedural hurdle, receiving 65 votes in favor. This landmark legislative move signifies growing willingness to address digital asset regulation, particularly for prominent stablecoin applications, amidst debates over compliance and political considerations.