U.S. Senate Advances GENIUS Act: New Rules for Stablecoins

The U.S. Senate took a major step forward by advancing the highly anticipated GENIUS Act, a landmark bill aimed at establishing the first comprehensive rules for stablecoins. The bill cleared its procedural hurdle with 66 votes, despite initial Democratic opposition. This breakthrough follows weeks of bipartisan negotiation and underscores the growing need for clear regulations in the rapidly evolving digital currency space.