Senate Clears Key Vote for GENIUS Stablecoin Act, Paving the Way for Crypto Regulation

A major step forward in U.S. cryptocurrency regulation was taken as the Senate passed a procedural hurdle to advance the GENIUS Stablecoin Act on May 20, 2025. This bipartisan victory signals increasing recognition of the impact and potential of cryptocurrencies within the American economy. 15 Democratic senators joined their colleagues to endorse this legislation, highlighting its importance for fostering innovation in the digital asset space.